Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Shares Cross Below 200 Day Moving Average – Time to Sell?

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.42 and traded as low as $42.55. Utilities Select Sector SPDR Fund shares last traded at $42.62, with a volume of 32,829,085 shares.

Utilities Select Sector SPDR Fund Price Performance

The firm has a 50-day simple moving average of $43.13 and a 200-day simple moving average of $43.42. The firm has a market capitalization of $21.82 billion, a PE ratio of 20.74 and a beta of 0.59.

Institutional Trading of Utilities Select Sector SPDR Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aventura Private Wealth LLC bought a new position in Utilities Select Sector SPDR Fund in the 4th quarter worth $25,000. Kelleher Financial Advisors bought a new stake in Utilities Select Sector SPDR Fund during the fourth quarter valued at about $25,000. Davis Capital Management purchased a new stake in Utilities Select Sector SPDR Fund in the third quarter worth about $26,000. Piscataqua Savings Bank increased its position in Utilities Select Sector SPDR Fund by 100.0% in the fourth quarter. Piscataqua Savings Bank now owns 600 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 300 shares in the last quarter. Finally, Paladin Advisory Group LLC raised its stake in shares of Utilities Select Sector SPDR Fund by 100.0% in the fourth quarter. Paladin Advisory Group LLC now owns 616 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 308 shares during the period. 90.06% of the stock is owned by hedge funds and other institutional investors.

Utilities Select Sector SPDR Fund Company Profile

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.