Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s stock price passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $168.84 and traded as high as $170.38. Health Care Select Sector SPDR Fund shares last traded at $168.81, with a volume of 8,880,682 shares.

Health Care Select Sector SPDR Fund Price Performance

The stock has a market cap of $44.07 billion, a P/E ratio of 21.15 and a beta of 0.55. The business’s 50 day simple moving average is $169.09 and its 200 day simple moving average is $157.87.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in shares of Health Care Select Sector SPDR Fund by 11.7% in the 1st quarter. Bank of America Corp DE now owns 31,021,559 shares of the exchange traded fund’s stock valued at $4,548,071,000 after buying an additional 3,259,957 shares during the period. Focus Partners Wealth raised its stake in Health Care Select Sector SPDR Fund by 13.1% during the 4th quarter. Focus Partners Wealth now owns 3,098,148 shares of the exchange traded fund’s stock worth $479,573,000 after buying an additional 358,247 shares during the period. Cerity Partners LLC lifted its holdings in Health Care Select Sector SPDR Fund by 373.3% during the fourth quarter. Cerity Partners LLC now owns 304,466 shares of the exchange traded fund’s stock worth $47,131,000 after acquiring an additional 240,131 shares in the last quarter. Ayalon Insurance Comp Ltd. lifted its holdings in Health Care Select Sector SPDR Fund by 116.6% during the third quarter. Ayalon Insurance Comp Ltd. now owns 441,909 shares of the exchange traded fund’s stock worth $74,426,000 after acquiring an additional 237,900 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in Health Care Select Sector SPDR Fund in the third quarter valued at about $33,886,000.

About Health Care Select Sector SPDR Fund

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). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.