Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Shares Cross Below 200 Day Moving Average – What’s Next?

Utilities Select Sector SPDR Fund (NYSEARCA:XLU)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $76.41 and traded as low as $75.84. Utilities Select Sector SPDR Fund shares last traded at $76.03, with a volume of 11,427,469 shares trading hands.

Utilities Select Sector SPDR Fund Trading Down 0.0 %

The company has a market cap of $13.66 billion, a price-to-earnings ratio of 23.76 and a beta of 0.49. The stock’s 50-day moving average is $78.43 and its 200-day moving average is $76.46.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in Utilities Select Sector SPDR Fund by 8.7% during the second quarter. Bank of New York Mellon Corp now owns 22,318 shares of the exchange traded fund’s stock worth $1,521,000 after buying an additional 1,794 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Utilities Select Sector SPDR Fund by 75.5% in the 2nd quarter. National Bank of Canada FI now owns 29,674 shares of the exchange traded fund’s stock worth $2,012,000 after acquiring an additional 12,766 shares during the last quarter. Choreo LLC acquired a new position in Utilities Select Sector SPDR Fund during the 2nd quarter valued at about $335,000. MGO One Seven LLC increased its holdings in Utilities Select Sector SPDR Fund by 22.3% during the 2nd quarter. MGO One Seven LLC now owns 84,748 shares of the exchange traded fund’s stock worth $5,775,000 after purchasing an additional 15,443 shares in the last quarter. Finally, Carson Advisory Inc. increased its holdings in Utilities Select Sector SPDR Fund by 1.7% during the 2nd quarter. Carson Advisory Inc. now owns 8,435 shares of the exchange traded fund’s stock worth $575,000 after purchasing an additional 137 shares in the last quarter.

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.