Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $151.22 and traded as low as $147.11. Health Care Select Sector SPDR Fund shares last traded at $147.31, with a volume of 6,210,854 shares traded.

Health Care Select Sector SPDR Fund Stock Down 1.4%

The company has a market capitalization of $38.59 billion, a price-to-earnings ratio of 21.15 and a beta of 0.63. The company’s 50 day simple moving average is $152.26 and its two-hundred day simple moving average is $151.22.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Centaurus Financial Inc. lifted its stake in shares of Health Care Select Sector SPDR Fund by 47.9% in the 2nd quarter. Centaurus Financial Inc. now owns 45,446 shares of the exchange traded fund’s stock worth $6,126,000 after acquiring an additional 14,718 shares during the period. Headlands Technologies LLC boosted its position in shares of Health Care Select Sector SPDR Fund by 401.9% in the second quarter. Headlands Technologies LLC now owns 32,425 shares of the exchange traded fund’s stock worth $4,371,000 after acquiring an additional 25,965 shares during the last quarter. Marex Group plc acquired a new position in Health Care Select Sector SPDR Fund during the second quarter valued at approximately $2,700,000. Tyler Stone Wealth Management lifted its position in Health Care Select Sector SPDR Fund by 2.5% during the second quarter. Tyler Stone Wealth Management now owns 13,966 shares of the exchange traded fund’s stock valued at $1,882,000 after buying an additional 340 shares in the last quarter. Finally, TT Capital Management LLC acquired a new position in Health Care Select Sector SPDR Fund during the second quarter valued at approximately $1,708,000.

Health Care Select Sector SPDR Fund Company Profile

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.