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

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $159.95 and traded as low as $156.08. Industrial Select Sector SPDR Fund shares last traded at $156.61, with a volume of 17,459,009 shares trading hands.

Industrial Select Sector SPDR Fund Trading Down 1.6%

The stock has a market capitalization of $26.50 billion, a PE ratio of 24.30 and a beta of 1.07. The stock’s fifty day simple moving average is $169.31 and its 200-day simple moving average is $159.95.

Industrial Select Sector SPDR Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Monday, March 23rd were given a dividend of $0.4532 per share. This represents a $1.81 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Industrial Select Sector SPDR Fund by 4.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 12,488 shares of the exchange traded fund’s stock valued at $1,842,000 after acquiring an additional 493 shares during the period. Morton Community Bank bought a new stake in shares of Industrial Select Sector SPDR Fund in the 2nd quarter worth approximately $1,044,000. 1832 Asset Management L.P. raised its holdings in shares of Industrial Select Sector SPDR Fund by 1.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 228,866 shares of the exchange traded fund’s stock worth $33,762,000 after purchasing an additional 2,191 shares during the period. Royal Fund Management LLC purchased a new position in Industrial Select Sector SPDR Fund in the second quarter valued at approximately $13,829,000. Finally, Beacon Pointe Advisors LLC lifted its stake in Industrial Select Sector SPDR Fund by 53.2% in the second quarter. Beacon Pointe Advisors LLC now owns 47,011 shares of the exchange traded fund’s stock valued at $6,935,000 after purchasing an additional 16,325 shares during the last quarter.

Industrial Select Sector SPDR Fund Company Profile

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.