Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Reaches New 52-Week Low – Should You Sell?

Shares of Utilities Select Sector SPDR Fund (NYSEARCA:XLU) reached a new 52-week low on Tuesday . The stock traded as low as $41.51 and last traded at $41.6470, with a volume of 1754382 shares. The stock had previously closed at $41.82.

Utilities Select Sector SPDR Fund Stock Performance

The stock has a 50 day moving average of $44.10 and a 200-day moving average of $45.06. The firm has a market capitalization of $21.47 billion, a P/E ratio of 20.74 and a beta of 0.57.

Institutional Trading of Utilities Select Sector SPDR Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC boosted its stake in Utilities Select Sector SPDR Fund by 106.2% during the fourth quarter. LPL Financial LLC now owns 15,178,321 shares of the exchange traded fund’s stock worth $647,962,000 after buying an additional 7,817,477 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Utilities Select Sector SPDR Fund by 97.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,022,842 shares of the exchange traded fund’s stock worth $129,045,000 after acquiring an additional 1,492,404 shares during the last quarter. GLOBALT Investments LLC GA lifted its holdings in shares of Utilities Select Sector SPDR Fund by 297.4% in the 4th quarter. GLOBALT Investments LLC GA now owns 1,675,946 shares of the exchange traded fund’s stock worth $71,546,000 after acquiring an additional 1,254,190 shares during the last quarter. Electron Capital Partners LLC purchased a new position in shares of Utilities Select Sector SPDR Fund during the 1st quarter worth about $56,915,000. Finally, BW Gestao de Investimentos Ltda. purchased a new position in shares of Utilities Select Sector SPDR Fund during the 4th quarter worth about $49,094,000. 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.