Dallas, Texas 02/26/2014 (FINANCIALSTRENDS) – Select Sector Financial Slct Str SPDR Fd(NYSEARCA:XLF) is the Boston based financial sector services provider which has been tracking the Index to carry through profits. The Index which this fund tracks is the Financial Select Sector Index and consists of companies which are from a variety of industry back grounds.
The companies in this index, which Select Sector Financial SlctStr SPDR Fd(NYSEARCA:XLF) tracks are known to offer services in sectors as diverse as insurance, commercial banks, real estate investment trusts as well as capital markets.
Select Sector Financial SlctStr SPDR Fd(NYSEARCA:XLF) also tracks companies which offer services such as consumer finance, as well as mortgage and thrift finance services. Some of the funds the company tracks are also in the investment and management besides development service providers as well.
Select Sector Financial SlctStr SPDR Fd(NYSEARCA:XLF) now receives advice from SSgA Funds Management Inc.
Background about the FSS fund
The Financial Select Sector SPDR Fund has been in the business of finding such investment results as those which allow it to find prices which correspond to the yield as well as performance of the Financial Select Sector of the S7P 500 Index. The Index which theSelect Sector Financial SlctStr SPDR Fd(NYSEARCA:XLF) fund has been tracking has been a wide-spectrum of industrial companies.
However, the diversification has always been in the type of financial services the companies provide. These companies are now providing commercial, personalized as well as investment banking services of several types. The fund has always been utilizing the investment approach across its portfolio of stocks and is keen on replicating the Index.
The fund is currently trading below par and holds market cap of $16.83 billion. The P/E for the company is 9.38. The Dividend has been 10, while the yield is at 1.39. Besides, the fund has a 52 week high of $21.64 and low of $21.47.
