Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Utilities Select Sector SPDR Fund (NYSEARCA:XLU)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $46.14 and traded as high as $46.32. Utilities Select Sector SPDR Fund shares last traded at $46.02, with a volume of 24,839,796 shares traded.

Utilities Select Sector SPDR Fund Stock Down 1.0%

The firm’s 50-day moving average price is $46.14 and its two-hundred day moving average price is $44.68. The firm has a market capitalization of $24.71 billion, a PE ratio of 20.74 and a beta of 0.65.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in XLU. Brighton Jones LLC increased its position in shares of Utilities Select Sector SPDR Fund by 12.8% in the fourth quarter. Brighton Jones LLC now owns 3,823 shares of the exchange traded fund’s stock worth $289,000 after acquiring an additional 433 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Utilities Select Sector SPDR Fund by 3.5% in the first quarter. AQR Capital Management LLC now owns 51,682 shares of the exchange traded fund’s stock worth $4,075,000 after acquiring an additional 1,769 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Utilities Select Sector SPDR Fund in the first quarter worth approximately $1,264,000. Russell Investments Group Ltd. increased its position in shares of Utilities Select Sector SPDR Fund by 36.2% in the second quarter. Russell Investments Group Ltd. now owns 1,807 shares of the exchange traded fund’s stock worth $148,000 after acquiring an additional 480 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Utilities Select Sector SPDR Fund by 64.5% in the second quarter. First Trust Advisors LP now owns 27,133 shares of the exchange traded fund’s stock worth $2,216,000 after acquiring an additional 10,637 shares in the last quarter. 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.