Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Stock Passes Below 200 Day Moving Average – What’s Next?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $149.38 and traded as low as $147.13. Industrial Select Sector SPDR Fund shares last traded at $149.63, with a volume of 20,982,859 shares changing hands.

Industrial Select Sector SPDR Fund Stock Performance

The business has a 50 day moving average price of $152.98 and a two-hundred day moving average price of $149.38. The stock has a market cap of $23.44 billion, a PE ratio of 24.30 and a beta of 1.07.

Institutional Trading of Industrial Select Sector SPDR Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Second Half Financial Partners LLC acquired a new position in Industrial Select Sector SPDR Fund in the 1st quarter worth about $467,000. Spectrum Wealth Counsel LLC grew its holdings in shares of Industrial Select Sector SPDR Fund by 4.6% during the first quarter. Spectrum Wealth Counsel LLC now owns 87,050 shares of the exchange traded fund’s stock worth $11,410,000 after purchasing an additional 3,826 shares during the last quarter. Caliber Wealth Management LLC KS acquired a new position in shares of Industrial Select Sector SPDR Fund in the first quarter valued at approximately $432,000. Cetera Investment Advisers raised its holdings in Industrial Select Sector SPDR Fund by 17.5% in the 1st quarter. Cetera Investment Advisers now owns 456,595 shares of the exchange traded fund’s stock valued at $59,846,000 after buying an additional 68,071 shares during the last quarter. Finally, Journey Strategic Wealth LLC raised its holdings in Industrial Select Sector SPDR Fund by 14.3% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,852 shares of the exchange traded fund’s stock valued at $243,000 after buying an additional 232 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.