Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Stock Breaks Above 50-Day Moving Average – Should You Sell?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s stock price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $169.14 and traded as high as $171.41. Industrial Select Sector SPDR Fund shares last traded at $170.97, with a volume of 6,779,570 shares.

Industrial Select Sector SPDR Fund Stock Up 1.3%

The company has a market capitalization of $31.34 billion, a P/E ratio of 24.30 and a beta of 0.98. The company has a 50 day simple moving average of $169.14 and a two-hundred day simple moving average of $173.34.

Hedge Funds Weigh In On Industrial Select Sector SPDR Fund

Institutional investors have recently modified their holdings of the stock. 180 Wealth Advisors LLC raised its holdings in shares of Industrial Select Sector SPDR Fund by 2.9% in the 2nd quarter. 180 Wealth Advisors LLC now owns 2,095 shares of the exchange traded fund’s stock valued at $388,000 after purchasing an additional 60 shares in the last quarter. NFSG Corp raised its stake in Industrial Select Sector SPDR Fund by 4.1% in the first quarter. NFSG Corp now owns 1,552 shares of the exchange traded fund’s stock worth $251,000 after buying an additional 61 shares in the last quarter. Nilsine Partners LLC lifted its holdings in Industrial Select Sector SPDR Fund by 0.3% during the second quarter. Nilsine Partners LLC now owns 18,600 shares of the exchange traded fund’s stock worth $3,445,000 after buying an additional 61 shares during the period. Opinicus Capital Inc. lifted its holdings in Industrial Select Sector SPDR Fund by 2.7% during the third quarter. Opinicus Capital Inc. now owns 2,363 shares of the exchange traded fund’s stock worth $395,000 after buying an additional 63 shares during the period. Finally, Whitener Capital Management Inc. increased its holdings in shares of Industrial Select Sector SPDR Fund by 2.9% in the 2nd quarter. Whitener Capital Management Inc. now owns 2,309 shares of the exchange traded fund’s stock valued at $428,000 after acquiring an additional 65 shares during the period.

Industrial Select Sector SPDR Fund Company Profile

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.