Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Utilities Select Sector SPDR Fund (NYSEARCA:XLU)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $45.22 and traded as low as $44.31. Utilities Select Sector SPDR Fund shares last traded at $44.35, with a volume of 20,763,255 shares trading hands.

Utilities Select Sector SPDR Fund Stock Performance

The business’s 50 day moving average price is $45.01 and its 200-day moving average price is $45.22. The firm has a market capitalization of $22.97 billion, a PE ratio of 20.74 and a beta of 0.58.

Hedge Funds Weigh In On Utilities Select Sector SPDR Fund

Several institutional investors have recently modified their holdings of the business. Canton Hathaway LLC grew its stake in Utilities Select Sector SPDR Fund by 107.3% during the 4th quarter. Canton Hathaway LLC now owns 76,516 shares of the exchange traded fund’s stock worth $3,266,000 after buying an additional 39,611 shares during the last quarter. Demars Financial Group LLC boosted its stake in shares of Utilities Select Sector SPDR Fund by 99.3% during the fourth quarter. Demars Financial Group LLC now owns 7,771 shares of the exchange traded fund’s stock worth $332,000 after buying an additional 3,872 shares during the period. Register Financial Advisors LLC increased its position in Utilities Select Sector SPDR Fund by 122.9% in the 4th quarter. Register Financial Advisors LLC now owns 4,622 shares of the exchange traded fund’s stock valued at $197,000 after acquiring an additional 2,548 shares during the period. Albion Financial Group UT lifted its position in Utilities Select Sector SPDR Fund by 100.0% during the 4th quarter. Albion Financial Group UT now owns 676 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 338 shares during the period. Finally, JB Capital LLC increased its holdings in shares of Utilities Select Sector SPDR Fund by 113.7% in the fourth quarter. JB Capital LLC now owns 12,639 shares of the exchange traded fund’s stock valued at $540,000 after purchasing an additional 6,724 shares during the period. Institutional investors and hedge funds own 90.06% of the company’s stock.

Utilities Select Sector SPDR Fund Company Profile

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.