Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Shares Break Below 200 Day Moving Average – Here’s What Happened

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s share price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $174.83 and traded as low as $168.25. Industrial Select Sector SPDR Fund shares last traded at $168.83, with a volume of 8,598,399 shares trading hands.

Industrial Select Sector SPDR Fund Stock Performance

The business’s 50 day simple moving average is $177.83 and its 200-day simple moving average is $174.80. The company has a market cap of $30.50 billion, a price-to-earnings ratio of 24.30 and a beta of 0.98.

Institutional Trading of Industrial Select Sector SPDR Fund

A number of institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of Industrial Select Sector SPDR Fund by 4.1% during the 1st quarter. Bank of America Corp DE now owns 12,326,564 shares of the exchange traded fund’s stock worth $1,993,575,000 after purchasing an additional 491,019 shares in the last quarter. Wells Fargo & Company MN raised its position in Industrial Select Sector SPDR Fund by 31.6% during the fourth quarter. Wells Fargo & Company MN now owns 6,607,181 shares of the exchange traded fund’s stock valued at $1,024,906,000 after acquiring an additional 1,585,209 shares in the last quarter. LPL Financial LLC raised its position in Industrial Select Sector SPDR Fund by 2.4% during the fourth quarter. LPL Financial LLC now owns 4,914,079 shares of the exchange traded fund’s stock valued at $762,272,000 after acquiring an additional 114,153 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Industrial Select Sector SPDR Fund by 3,790.3% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,931,874 shares of the exchange traded fund’s stock valued at $474,164,000 after acquiring an additional 2,856,510 shares during the last quarter. Finally, Meitav Investment House Ltd. grew its position in Industrial Select Sector SPDR Fund by 85.2% in the first quarter. Meitav Investment House Ltd. now owns 1,330,667 shares of the exchange traded fund’s stock worth $215,209,000 after acquiring an additional 612,118 shares in the last quarter.

Industrial Select Sector SPDR Fund Company Profile

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.