Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $44.86 and traded as high as $45.95. Utilities Select Sector SPDR Fund shares last traded at $45.22, with a volume of 15,907,025 shares changing hands.

Utilities Select Sector SPDR Fund Trading Down 1.0%

The company’s 50-day moving average price is $44.86 and its two-hundred day moving average price is $45.01. The company has a market cap of $23.56 billion, a P/E ratio of 20.74 and a beta of 0.58.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in shares of Utilities Select Sector SPDR Fund by 3.9% during the first quarter. Bank of America Corp DE now owns 28,041,814 shares of the exchange traded fund’s stock valued at $1,286,839,000 after purchasing an additional 1,055,742 shares during the last quarter. Morgan Stanley increased its stake in Utilities Select Sector SPDR Fund by 92.6% in the 4th quarter. Morgan Stanley now owns 21,694,396 shares of the exchange traded fund’s stock worth $926,134,000 after purchasing an additional 10,429,314 shares in the last quarter. LPL Financial LLC raised its holdings in Utilities Select Sector SPDR Fund by 106.2% during the 4th quarter. LPL Financial LLC now owns 15,178,321 shares of the exchange traded fund’s stock worth $647,962,000 after buying an additional 7,817,477 shares during the period. Wells Fargo & Company MN raised its holdings in Utilities Select Sector SPDR Fund by 126.3% during the 4th quarter. Wells Fargo & Company MN now owns 12,732,033 shares of the exchange traded fund’s stock worth $543,531,000 after buying an additional 7,106,976 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Utilities Select Sector SPDR Fund by 410.1% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,052,676 shares of the exchange traded fund’s stock valued at $386,459,000 after buying an additional 7,277,976 shares in the last quarter. Institutional investors own 90.06% of the company’s stock.

Utilities Select Sector SPDR Fund Company Profile

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.