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

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $139.88 and traded as low as $133.75. Health Care Select Sector SPDR Fund shares last traded at $134.22, with a volume of 13,170,511 shares.

Health Care Select Sector SPDR Fund Stock Performance

The stock has a market cap of $34.15 billion, a PE ratio of 21.15 and a beta of 0.70. The stock’s 50-day moving average is $134.21 and its two-hundred day moving average is $139.88.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

A number of hedge funds have recently made changes to their positions in the stock. Voya Investment Management LLC purchased a new position in shares of Health Care Select Sector SPDR Fund during the 1st quarter worth approximately $173,281,000. Howe & Rusling Inc. boosted its position in Health Care Select Sector SPDR Fund by 4.1% in the 1st quarter. Howe & Rusling Inc. now owns 4,684 shares of the exchange traded fund’s stock valued at $684,000 after buying an additional 184 shares during the period. Lynx Investment Advisory boosted its position in Health Care Select Sector SPDR Fund by 27.7% in the 1st quarter. Lynx Investment Advisory now owns 8,947 shares of the exchange traded fund’s stock valued at $1,306,000 after buying an additional 1,938 shares during the period. Peterson Wealth Management boosted its position in Health Care Select Sector SPDR Fund by 5.1% in the 1st quarter. Peterson Wealth Management now owns 16,149 shares of the exchange traded fund’s stock valued at $2,358,000 after buying an additional 778 shares during the period. Finally, Birchbrook Inc. boosted its position in Health Care Select Sector SPDR Fund by 6.9% in the 1st quarter. Birchbrook Inc. now owns 9,963 shares of the exchange traded fund’s stock valued at $1,455,000 after buying an additional 639 shares during the period.

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).