Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

by · The Markets Daily

Utilities Select Sector SPDR Fund (NYSEARCA:XLU – Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $75.87 and traded as low as $74.70. Utilities Select Sector SPDR Fund shares last traded at $76.43, with a volume of 12,544,759 shares.

Utilities Select Sector SPDR Fund Stock Performance

The company has a 50 day moving average of $79.69 and a 200 day moving average of $75.90. The stock has a market capitalization of $13.74 billion, a price-to-earnings ratio of 23.76 and a beta of 0.49.

Hedge Funds Weigh In On Utilities Select Sector SPDR Fund

Large investors have recently bought and sold shares of the business. ORG Wealth Partners LLC acquired a new position in Utilities Select Sector SPDR Fund in the third quarter valued at approximately $27,000. MGB Wealth Management LLC lifted its position in shares of Utilities Select Sector SPDR Fund by 300.0% during the 3rd quarter. MGB Wealth Management LLC now owns 400 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 300 shares during the last quarter. Marquette Asset Management LLC acquired a new position in shares of Utilities Select Sector SPDR Fund in the 3rd quarter valued at $33,000. Financial Management Professionals Inc. purchased a new position in shares of Utilities Select Sector SPDR Fund in the 3rd quarter valued at $37,000. Finally, Rakuten Securities Inc. raised its stake in Utilities Select Sector SPDR Fund by 756.1% during the 3rd quarter. Rakuten Securities Inc. now owns 488 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 431 shares in the last quarter.

About Utilities Select Sector SPDR Fund

(Get Free Report)

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.

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