Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $152.14 and traded as low as $149.11. Health Care Select Sector SPDR Fund shares last traded at $150.88, with a volume of 10,396,484 shares.

Health Care Select Sector SPDR Fund Price Performance

The company has a market cap of $39.55 billion, a price-to-earnings ratio of 21.15 and a beta of 0.58. The business’s fifty day moving average price is $146.47 and its 200 day moving average price is $152.14.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently bought and sold shares of XLV. Brighton Jones LLC lifted its holdings in Health Care Select Sector SPDR Fund by 25.8% in the fourth quarter. Brighton Jones LLC now owns 9,662 shares of the exchange traded fund’s stock valued at $1,329,000 after buying an additional 1,980 shares during the period. Bison Wealth LLC raised its holdings in shares of Health Care Select Sector SPDR Fund by 35.3% in the 4th quarter. Bison Wealth LLC now owns 2,257 shares of the exchange traded fund’s stock worth $311,000 after acquiring an additional 589 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Health Care Select Sector SPDR Fund by 79.7% in the 1st quarter. AQR Capital Management LLC now owns 7,783 shares of the exchange traded fund’s stock worth $1,136,000 after acquiring an additional 3,451 shares during the last quarter. Empowered Funds LLC grew its position in Health Care Select Sector SPDR Fund by 107.2% in the 1st quarter. Empowered Funds LLC now owns 16,477 shares of the exchange traded fund’s stock worth $2,406,000 after purchasing an additional 8,525 shares in the last quarter. Finally, United Bank boosted its stake in shares of Health Care Select Sector SPDR Fund by 11.6% in the 2nd quarter. United Bank now owns 19,110 shares of the exchange traded fund’s stock worth $2,576,000 after buying an additional 1,984 shares during the last quarter.

Health Care Select Sector SPDR Fund Company Profile

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.