Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Shares Cross Above 50 Day Moving Average – What’s Next?

Utilities Select Sector SPDR Fund (NYSEARCA:XLU)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $44.86 and traded as high as $45.95. Utilities Select Sector SPDR Fund shares last traded at $45.22, with a volume of 15,907,025 shares trading hands.

Utilities Select Sector SPDR Fund Stock Performance

The business’s 50 day moving average is $44.86 and its 200 day moving average is $45.01. The stock has a market cap of $23.56 billion, a price-to-earnings ratio of 20.74 and a beta of 0.58.

Institutional Trading of Utilities Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Ehrlich Financial Group lifted its position in shares of Utilities Select Sector SPDR Fund by 92.4% in the fourth quarter. Ehrlich Financial Group now owns 7,093 shares of the exchange traded fund’s stock worth $303,000 after purchasing an additional 3,407 shares in the last quarter. Chemistry Wealth Management LLC grew its position in Utilities Select Sector SPDR Fund by 100.0% during the fourth quarter. Chemistry Wealth Management LLC now owns 14,218 shares of the exchange traded fund’s stock valued at $607,000 after purchasing an additional 7,109 shares in the last quarter. Farmers Trust Co. grew its position in Utilities Select Sector SPDR Fund by 94.1% during the fourth quarter. Farmers Trust Co. now owns 18,728 shares of the exchange traded fund’s stock valued at $799,000 after purchasing an additional 9,078 shares in the last quarter. Advance Capital Management Inc. increased its stake in Utilities Select Sector SPDR Fund by 100.0% in the 4th quarter. Advance Capital Management Inc. now owns 7,217 shares of the exchange traded fund’s stock valued at $308,000 after buying an additional 3,609 shares during the period. Finally, Holos Integrated Wealth LLC acquired a new position in Utilities Select Sector SPDR Fund in the 4th quarter valued at approximately $74,000. Institutional investors and hedge funds own 90.06% of the company’s stock.

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.