Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Shares of Utilities Select Sector SPDR Fund (NYSEARCA:XLU) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $44.72 and traded as low as $43.34. Utilities Select Sector SPDR Fund shares last traded at $43.94, with a volume of 18,212,731 shares changing hands.

Utilities Select Sector SPDR Fund Trading Up 0.9%

The stock has a market cap of $22.79 billion, a P/E ratio of 20.74 and a beta of 0.58. The stock’s fifty day moving average price is $45.44 and its 200 day moving average price is $44.72.

Institutional Trading of Utilities Select Sector SPDR Fund

A number of hedge funds have recently modified their holdings of XLU. Brighton Jones LLC increased its position in Utilities Select Sector SPDR Fund by 12.8% during the 4th quarter. Brighton Jones LLC now owns 3,823 shares of the exchange traded fund’s stock valued at $289,000 after buying an additional 433 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Utilities Select Sector SPDR Fund by 3.5% in the 1st quarter. AQR Capital Management LLC now owns 51,682 shares of the exchange traded fund’s stock worth $4,075,000 after purchasing an additional 1,769 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Utilities Select Sector SPDR Fund in the 1st quarter worth about $1,264,000. Russell Investments Group Ltd. raised its position in shares of Utilities Select Sector SPDR Fund by 36.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,807 shares of the exchange traded fund’s stock worth $148,000 after purchasing an additional 480 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Utilities Select Sector SPDR Fund by 64.5% in the 2nd quarter. First Trust Advisors LP now owns 27,133 shares of the exchange traded fund’s stock worth $2,216,000 after purchasing an additional 10,637 shares during the last quarter. Institutional investors 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.