Financial Sector ETF Reaches Record High Amid Fintech Growth
The State Street Financial Select Sector SPDR ETF (XLF) reached a record high of $57.33 on July 28, 2026, driven by strong performance in fintech and financial services stocks. The fund's assets now stand at $49.18 billion as investors shift capital from tech into traditional sectors like finance and healthcare. Key contributors to the ETF’s rise include Coinbase (COIN), Block (XYZ), PayPal (PYPL), and Fidelity National Information Services (FIS). Over the past month, PayPal surged 26.6%, marking it as XLF's top performer during that period. The broader financial sector has seen momentum from both fintech firms and traditional lenders like JPMorgan Chase & Co. The ETF’s performance reflects a shift in investor sentiment toward more stable sectors amid volatility in the tech space, particularly with the Nasdaq Composite showing mixed results on Tuesday.
Tickers: $COIN $FIS $JPM $PYPL $SMH $XLF $XYZ
Topics: ETFs financial sector fintech stock performance