Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $175.30 and traded as low as $174.27. Industrial Select Sector SPDR Fund shares last traded at $174.42, with a volume of 6,225,416 shares trading hands.

Industrial Select Sector SPDR Fund Price Performance

The stock’s 50 day simple moving average is $180.38 and its two-hundred day simple moving average is $175.22. The company has a market capitalization of $31.02 billion, a P/E ratio of 24.30 and a beta of 0.98.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Phoenix Financial Ltd. boosted its holdings in Industrial Select Sector SPDR Fund by 159.8% in the fourth quarter. Phoenix Financial Ltd. now owns 3,950,353 shares of the exchange traded fund’s stock valued at $612,778,000 after acquiring an additional 2,430,047 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Industrial Select Sector SPDR Fund by 473.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 463,001 shares of the exchange traded fund’s stock worth $72,024,000 after purchasing an additional 382,284 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in Industrial Select Sector SPDR Fund by 3.7% during the 4th quarter. Pinnacle Associates Ltd. now owns 39,813 shares of the exchange traded fund’s stock valued at $6,176,000 after purchasing an additional 1,435 shares during the period. Berkeley Capital Partners LLC bought a new position in shares of Industrial Select Sector SPDR Fund in the 4th quarter valued at about $1,168,000. Finally, Biltmore Family Office LLC boosted its stake in shares of Industrial Select Sector SPDR Fund by 323.0% in the 4th quarter. Biltmore Family Office LLC now owns 423 shares of the exchange traded fund’s stock valued at $66,000 after purchasing an additional 323 shares during the last quarter.

About Industrial Select Sector SPDR Fund

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.