Published on 8 Oct 2021 on Zacks via Yahoo Finance
Financials ETF (XLF) Hits New 52-Week High
For investors seeking momentum, Financial Select Sector SPDR Fund XLF is probably on radar. The fund just hit a 52-week high and is up more than 64% from its 52-week low price of $57.41/share.But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
XLF in Focus
This ETF seeks to provide exposure to 65 companies in the diversified financial services, insurance, banks, capital markets, mortgage real estate investment trusts (REITs), consumer finance, and thrifts and mortgage finance industries. XLF charges 12 basis points in annual fees (see: all the Financials ETFs here).