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

Utilities Select Sector SPDR Fund (NYSEARCA:XLU)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $45.32 and traded as low as $43.07. Utilities Select Sector SPDR Fund shares last traded at $43.31, with a volume of 13,429,845 shares trading hands.

Utilities Select Sector SPDR Fund Stock Performance

The firm has a market cap of $22.32 billion, a PE ratio of 20.74 and a beta of 0.58. The stock’s 50 day simple moving average is $44.78 and its 200 day simple moving average is $45.32.

Institutional Trading of Utilities Select Sector SPDR Fund

Hedge funds have recently made changes to their positions in the stock. Hyundai Investments Co. Ltd. increased its stake in Utilities Select Sector SPDR Fund by 81.3% in the second quarter. Hyundai Investments Co. Ltd. now owns 13,677 shares of the exchange traded fund’s stock valued at $629,000 after acquiring an additional 6,135 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in Utilities Select Sector SPDR Fund by 170.1% during the second quarter. Ameritas Advisory Services LLC now owns 84,064 shares of the exchange traded fund’s stock worth $3,811,000 after purchasing an additional 52,939 shares during the last quarter. Straight Path Wealth Management bought a new stake in Utilities Select Sector SPDR Fund during the second quarter worth about $237,000. Passaic Partners LLC lifted its stake in Utilities Select Sector SPDR Fund by 12.1% during the second quarter. Passaic Partners LLC now owns 421,077 shares of the exchange traded fund’s stock worth $19,092,000 after purchasing an additional 45,459 shares during the last quarter. Finally, HB Wealth Management LLC boosted its holdings in shares of Utilities Select Sector SPDR Fund by 34.3% in the 2nd quarter. HB Wealth Management LLC now owns 39,810 shares of the exchange traded fund’s stock worth $1,805,000 after purchasing an additional 10,165 shares in the last quarter. 90.06% of the stock is owned by institutional investors.

About Utilities Select Sector SPDR Fund

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.