Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Share Price Passes Below 200 Day Moving Average – Here’s Why

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $150.56 and traded as low as $145.35. Health Care Select Sector SPDR Fund shares last traded at $146.24, with a volume of 17,741,103 shares trading hands.

Health Care Select Sector SPDR Fund Trading Up 1.0%

The stock has a market capitalization of $38.73 billion, a price-to-earnings ratio of 21.15 and a beta of 0.63. The stock has a 50-day simple moving average of $154.55 and a 200 day simple moving average of $150.56.

Health Care Select Sector SPDR Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Monday, March 23rd were given a $0.5947 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XLV. Principle Wealth Partners LLC boosted its stake in shares of Health Care Select Sector SPDR Fund by 0.3% during the 4th quarter. Principle Wealth Partners LLC now owns 20,489 shares of the exchange traded fund’s stock valued at $3,172,000 after buying an additional 64 shares during the period. Cambria Investment Management L.P. grew its holdings in shares of Health Care Select Sector SPDR Fund by 1.5% during the 3rd quarter. Cambria Investment Management L.P. now owns 4,597 shares of the exchange traded fund’s stock valued at $640,000 after acquiring an additional 66 shares in the last quarter. Southeast Asset Advisors LLC increased its stake in shares of Health Care Select Sector SPDR Fund by 3.9% in the fourth quarter. Southeast Asset Advisors LLC now owns 1,756 shares of the exchange traded fund’s stock worth $272,000 after acquiring an additional 66 shares during the last quarter. Thompson Davis & CO. Inc. increased its stake in shares of Health Care Select Sector SPDR Fund by 3.0% in the fourth quarter. Thompson Davis & CO. Inc. now owns 2,334 shares of the exchange traded fund’s stock worth $361,000 after acquiring an additional 67 shares during the last quarter. Finally, Paragon Capital Management Ltd raised its holdings in shares of Health Care Select Sector SPDR Fund by 3.9% during the fourth quarter. Paragon Capital Management Ltd now owns 1,791 shares of the exchange traded fund’s stock worth $277,000 after acquiring an additional 68 shares in the last quarter.

About Health Care Select Sector SPDR Fund

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.