Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of Health Care Select Sector SPDR Fund (NYSEARCA:XLV) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $148.27 and traded as low as $139.36. Health Care Select Sector SPDR Fund shares last traded at $139.64, with a volume of 10,343,164 shares.

Health Care Select Sector SPDR Fund Trading Down 0.6 %

The firm has a market cap of $37.79 billion, a price-to-earnings ratio of 23.82 and a beta of 0.55. The stock’s 50 day moving average is $142.73 and its 200 day moving average is $148.27.

Institutional Trading of Health Care Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently bought and sold shares of XLV. Rakuten Securities Inc. lifted its position in Health Care Select Sector SPDR Fund by 8,150.0% during the third quarter. Rakuten Securities Inc. now owns 165 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 163 shares during the period. CarsonAllaria Wealth Management Ltd. acquired a new position in shares of Health Care Select Sector SPDR Fund in the 3rd quarter valued at approximately $32,000. Legacy Investment Solutions LLC bought a new stake in shares of Health Care Select Sector SPDR Fund during the 3rd quarter worth approximately $32,000. Hara Capital LLC acquired a new stake in shares of Health Care Select Sector SPDR Fund during the 3rd quarter worth approximately $39,000. Finally, Richardson Financial Services Inc. increased its stake in Health Care Select Sector SPDR Fund by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 284 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 142 shares during 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).