Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $135.03 and traded as low as $123.12. Industrial Select Sector SPDR Fund shares last traded at $124.63, with a volume of 7,490,696 shares trading hands.

Industrial Select Sector SPDR Fund Trading Up 1.7 %

The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of 23.23 and a beta of 1.03. The company has a 50 day moving average price of $130.34 and a 200 day moving average price of $135.03.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

Several institutional investors have recently modified their holdings of XLI. Menora Mivtachim Holdings LTD. raised its position in shares of Industrial Select Sector SPDR Fund by 11,790.4% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,973,804 shares of the exchange traded fund’s stock valued at $260,068,000 after acquiring an additional 1,957,204 shares during the period. Phoenix Financial Ltd. grew its holdings in shares of Industrial Select Sector SPDR Fund by 1,383.4% in the 4th quarter. Phoenix Financial Ltd. now owns 1,723,153 shares of the exchange traded fund’s stock valued at $227,042,000 after buying an additional 1,606,989 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Industrial Select Sector SPDR Fund by 61.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245,130 shares of the exchange traded fund’s stock valued at $427,580,000 after buying an additional 1,236,430 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in Industrial Select Sector SPDR Fund in the fourth quarter valued at about $117,793,000. Finally, Strategic Financial Concepts LLC raised its position in shares of Industrial Select Sector SPDR Fund by 14,726.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 638,718 shares of the exchange traded fund’s stock worth $815,000 after purchasing an additional 634,410 shares during the period.

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.