Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Stock Passes Below 200-Day Moving Average – What’s Next?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $151.96 and traded as low as $146.29. Health Care Select Sector SPDR Fund shares last traded at $147.13, with a volume of 10,522,406 shares traded.

Health Care Select Sector SPDR Fund Trading Up 1.2%

The stock has a market capitalization of $39.29 billion, a P/E ratio of 21.15 and a beta of 0.58. The company has a fifty day simple moving average of $146.52 and a two-hundred day simple moving average of $151.98.

Institutional Trading of Health Care Select Sector SPDR Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in XLV. Bank of America Corp DE raised its holdings in Health Care Select Sector SPDR Fund by 11.7% during the 1st quarter. Bank of America Corp DE now owns 31,021,559 shares of the exchange traded fund’s stock worth $4,548,071,000 after purchasing an additional 3,259,957 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Health Care Select Sector SPDR Fund by 21.4% during the 4th quarter. JPMorgan Chase & Co. now owns 16,768,323 shares of the exchange traded fund’s stock worth $2,595,737,000 after purchasing an additional 2,957,648 shares during the last quarter. Focus Partners Wealth raised its holdings in Health Care Select Sector SPDR Fund by 191.2% during the 3rd quarter. Focus Partners Wealth now owns 2,739,901 shares of the exchange traded fund’s stock worth $381,315,000 after purchasing an additional 1,799,103 shares during the last quarter. Rokos Capital Management LLP bought a new stake in Health Care Select Sector SPDR Fund during the 4th quarter worth about $256,589,000. Finally, State Street Corp raised its holdings in Health Care Select Sector SPDR Fund by 897.6% during the 2nd quarter. State Street Corp now owns 1,325,623 shares of the exchange traded fund’s stock worth $178,681,000 after purchasing an additional 1,192,747 shares during the last quarter.

About Health Care Select Sector SPDR Fund

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.