Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Utilities Select Sector SPDR Fund (NYSEARCA:XLU) crossed 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 trading hands.

Utilities Select Sector SPDR Fund Stock Up 0.5%

The business’s fifty day moving average is $45.45 and its two-hundred day moving average is $44.72. The stock has a market cap of $22.58 billion, a price-to-earnings ratio of 20.74 and a beta of 0.58.

Hedge Funds Weigh In On Utilities Select Sector SPDR Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aventura Private Wealth LLC purchased a new position in shares of Utilities Select Sector SPDR Fund in the 4th quarter valued at about $25,000. Kelleher Financial Advisors purchased a new position in shares of Utilities Select Sector SPDR Fund in the 4th quarter valued at about $25,000. Piscataqua Savings Bank boosted its stake in shares of Utilities Select Sector SPDR Fund by 100.0% in the 4th quarter. Piscataqua Savings Bank now owns 600 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 300 shares during the period. Paladin Advisory Group LLC boosted its stake in shares of Utilities Select Sector SPDR Fund by 100.0% in the 4th quarter. Paladin Advisory Group LLC now owns 616 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 308 shares during the period. Finally, Davis Capital Management boosted its stake in shares of Utilities Select Sector SPDR Fund by 100.0% in the 4th quarter. Davis Capital Management now owns 602 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 301 shares during the period. Hedge funds and other 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.