How To Buy Industrial Select Sector SPDR® Fund (XLI) Stock

How To Buy XLI

Industrial Select Sector SPDR® Fund (XLI) is an ETF listed on the NYSE ARCA exchange, which means you can buy the stock from most online brokers. Follow the steps below to learn how to purchase shares of XLI.

1. Find a reliable broker.

   Don't worry, it's easy and free to open a brokerage account. Below are our favorite brokers where you can buy Industrial Select Sector SPDR® Fund from:

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2. Fund your new account.

   You'll need to transfer money into your new brokerage account before you can buy the stock. Transferring via a bank transfer is recommended and the most common way to fund an account. Some brokers might allow funding via a debit or credit card.

3. Search for XLI.

   When your funds are settled into your account, look for Industrial Select Sector SPDR® Fund on your broker by searching for the company name: Industrial Select Sector SPDR® Fund or the ticker symbol: XLI.

4. Buy the stock.

   Once that you've found Industrial Select Sector SPDR® Fund on your broker, submit a purchase order to buy shares of the stock (currently $122.49 a share). Depending on when you purchase, the stock might be higher or lower than the price listed. You may also be able to purchase fractional shares depending on your broker.

   Once your order gets fulfilled, you've purchased your first shares of Industrial Select Sector SPDR® Fund.

   Tips When Buying

   When submitting your order, you may choose to buy shares of Industrial Select Sector SPDR® Fund at the market price with a market order or at a set price using a limit order.

   • Market order: Buys the stock immediately at its current price.
   • Limit order: Buys the stock only once it reaches your target price.

   By default all purchases are considered market orders unless specified otherwise. Limit orders are great for when you only want to buy shares of XLI at a specific price.

Should You Buy XLI Stock Now?

In the past week the price per share of Industrial Select Sector SPDR® Fund has gone up ↑2.02 (1.68%) and the daily volume has increased slightly. You should buy XLI now if you think the stock will continue going up in price.

In the end, you should be comfortable with the risk of the investment and only buy shares of XLI when you feel the time is right.