Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Reaches New 12-Month Low – Should You Sell?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $135.53 and last traded at $136.63, with a volume of 16373968 shares changing hands. The stock had previously closed at $143.13.

Health Care Select Sector SPDR Fund Stock Performance

The stock’s 50-day moving average price is $146.31 and its 200-day moving average price is $146.05. The company has a market capitalization of $35.72 billion, a price-to-earnings ratio of 29.15 and a beta of 0.71.

Health Care Select Sector SPDR Fund Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were issued a dividend of $0.5645 per share. The ex-dividend date was Monday, March 24th.

Institutional Investors Weigh In On Health Care Select Sector SPDR Fund

Several institutional investors and hedge funds have recently made changes to their positions in XLV. Webster Bank N. A. increased its holdings in Health Care Select Sector SPDR Fund by 13.1% during the 1st quarter. Webster Bank N. A. now owns 2,210 shares of the exchange traded fund’s stock valued at $323,000 after acquiring an additional 256 shares in the last quarter. Sage Capital Advisors llc increased its stake in shares of Health Care Select Sector SPDR Fund by 1,025.4% during the 1st quarter. Sage Capital Advisors llc now owns 60,669 shares of the exchange traded fund’s stock worth $8,858,000 after purchasing an additional 55,278 shares in the last quarter. Agate Pass Investment Management LLC raised its position in shares of Health Care Select Sector SPDR Fund by 34.1% during the 1st quarter. Agate Pass Investment Management LLC now owns 6,389 shares of the exchange traded fund’s stock worth $933,000 after purchasing an additional 1,626 shares during the last quarter. Adirondack Trust Co. raised its position in shares of Health Care Select Sector SPDR Fund by 3.3% during the 1st quarter. Adirondack Trust Co. now owns 4,922 shares of the exchange traded fund’s stock worth $719,000 after purchasing an additional 156 shares during the last quarter. Finally, Marcum Wealth LLC lifted its stake in Health Care Select Sector SPDR Fund by 1.1% in the 1st quarter. Marcum Wealth LLC now owns 11,788 shares of the exchange traded fund’s stock valued at $1,721,000 after buying an additional 124 shares in the last quarter.

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).