The Recent Decline In The Price of Select Sector Financial Slct Str SPDR Fd (NYSEARCA:XLF)


Dallas, Texas 12/20/2013 (FINANCIALSTRENDS) – Select Sector Financial Slct Str SPDR Fd (NYSEARCA:XLF) witnessed a 0.28% decline in its overall share price. There were over 70K shares that were traded at a price of $ 21.20. Its stock price moved in the range of $21.14 and $21.26 and its current market capitalization is about $15.86 billion. As per its trading history the 52 week low is about $ 16.09 and 52 week high is about $21.64.

The dividend yield paid by the Select Sector Financial Slct Str SPDR Fd is about $0.33 per share for the last one year and there has been an 40 percent increase in the ETF holding in the past 12 months. There are many investment gurus who are quite skeptical about the overall growth of the Select Sector Financial Slct Str SPDR Fd but as per the current valuations its shares are trading at 0.1% short. The expected change in the FED’s tapering is seen as a major booster for this fund and the prices might surge in the coming months.

Overview of this fund

Select Sector Financial Slct Str SPDR Fd (NYSEARCA:XLF) always provides investment results that are based on its price and yield performance. The main consideration that is being taken in this regard is the yield performance of financial select sector index.

This is the same index that includes industries such as insurance, diversified financial services, commercial banks, real estate investment trusts and capital markets. One more thing that needs to be kept in mind is its advisor which is SSgA Funds Management Inc and they are also quite optimistic about the current fund value and are hopeful that the coming time is good for this fund and they are expecting an at least 10 percent price movement on the upside direction.