Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?
by Mitch Edgeman · The Markets DailyUtilities Select Sector SPDR Fund (NYSEARCA:XLU – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $45.30 and traded as low as $43.82. Utilities Select Sector SPDR Fund shares last traded at $44.18, with a volume of 16,374,741 shares.
Utilities Select Sector SPDR Fund Stock Performance
The stock’s fifty day simple moving average is $44.90 and its 200-day simple moving average is $45.31. The stock has a market cap of $22.73 billion, a P/E ratio of 20.74 and a beta of 0.58.
Institutional Investors Weigh In On Utilities Select Sector SPDR Fund
Several institutional investors have recently made changes to their positions in the stock. New Millennium Group LLC lifted its position in shares of Utilities Select Sector SPDR Fund by 96.4% during the 4th quarter. New Millennium Group LLC now owns 599 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 294 shares during the period. Smithfield Trust Co raised its stake in Utilities Select Sector SPDR Fund by 100.0% in the fourth quarter. Smithfield Trust Co now owns 600 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 300 shares in the last quarter. Davis Capital Management lifted its position in Utilities Select Sector SPDR Fund by 100.0% during the fourth quarter. Davis Capital Management now owns 602 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 301 shares during the period. Cornerstone Planning Group LLC lifted its position in Utilities Select Sector SPDR Fund by 109.9% during the fourth quarter. Cornerstone Planning Group LLC now owns 636 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 333 shares during the period. Finally, Oak Harbor Wealth Partners LLC grew its stake in Utilities Select Sector SPDR Fund by 100.0% during the fourth quarter. Oak Harbor Wealth Partners LLC now owns 640 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 320 shares in the last quarter. 90.06% of the stock is currently owned by institutional investors.
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.