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

Shares of Utilities Select Sector SPDR Fund (NYSEARCA:XLU) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $44.22 and traded as low as $40.97. Utilities Select Sector SPDR Fund shares last traded at $41.41, with a volume of 16,803,892 shares trading hands.

Utilities Select Sector SPDR Fund Price Performance

The stock has a market capitalization of $23.74 billion, a P/E ratio of 20.74 and a beta of 0.56. The stock’s fifty day moving average is $42.21 and its two-hundred day moving average is $44.22.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently modified their holdings of XLU. Electron Capital Partners LLC acquired a new position in shares of Utilities Select Sector SPDR Fund in the 1st quarter worth $56,915,000. Bank of America Corp DE lifted its holdings in shares of Utilities Select Sector SPDR Fund by 3.9% during the first quarter. Bank of America Corp DE now owns 28,041,814 shares of the exchange traded fund’s stock valued at $1,286,839,000 after purchasing an additional 1,055,742 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Utilities Select Sector SPDR Fund during the second quarter valued at $42,891,000. Meitav Investment House Ltd. lifted its holdings in shares of Utilities Select Sector SPDR Fund by 33.8% during the first quarter. Meitav Investment House Ltd. now owns 3,452,577 shares of the exchange traded fund’s stock valued at $158,439,000 after purchasing an additional 871,665 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Utilities Select Sector SPDR Fund by 82.3% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,300,002 shares of the exchange traded fund’s stock valued at $55,497,000 after purchasing an additional 587,001 shares during the period. Institutional investors and hedge funds 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.