Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $44.70 and traded as low as $44.19. Utilities Select Sector SPDR Fund shares last traded at $44.53, with a volume of 17,941,361 shares changing hands.

Utilities Select Sector SPDR Fund Stock Performance

The business’s fifty day simple moving average is $45.26 and its 200-day simple moving average is $44.70. The firm has a market capitalization of $22.89 billion, a PE ratio of 20.74 and a beta of 0.58.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

A number of institutional investors have recently added to or reduced their stakes in XLU. Aventura Private Wealth LLC purchased a new stake in Utilities Select Sector SPDR Fund during the 4th quarter valued at approximately $25,000. Kelleher Financial Advisors purchased a new position in shares of Utilities Select Sector SPDR Fund in the fourth quarter valued at $25,000. Piscataqua Savings Bank grew its holdings in shares of Utilities Select Sector SPDR Fund by 100.0% in the fourth quarter. Piscataqua Savings Bank now owns 600 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 300 shares in the last quarter. Paladin Advisory Group LLC grew its holdings in shares of Utilities Select Sector SPDR Fund by 100.0% in the fourth quarter. Paladin Advisory Group LLC now owns 616 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 308 shares in the last quarter. Finally, Davis Capital Management grew its holdings in shares of Utilities Select Sector SPDR Fund by 100.0% in the fourth quarter. Davis Capital Management now owns 602 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 301 shares in the last quarter. 90.06% of the stock is owned by hedge funds and other institutional investors.

About Utilities Select Sector SPDR Fund

Select Sector Utilities Select Sector SPDR Fund (the Fund), formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The Index includes companies from industries, such as electric utilities, multi-utilities, independent power producers and energy traders, and gas utilities. The Fund utilizes a passive or indexing investment approach to attempt to approximate the investment performance of the Index.