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

Shares of Utilities Select Sector SPDR Fund (NYSEARCA:XLU) 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 Up 1.1%

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Aventura Private Wealth LLC purchased a new position in shares of Utilities Select Sector SPDR Fund in the fourth quarter valued at $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.