Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Utilities Select Sector SPDR Fund (NYSEARCA:XLU)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $78.62 and traded as low as $77.31. Utilities Select Sector SPDR Fund shares last traded at $78.87, with a volume of 9,134,535 shares trading hands.

Utilities Select Sector SPDR Fund Stock Performance

The stock has a market cap of $18.02 billion, a PE ratio of 21.01 and a beta of 0.63. The company has a 50 day moving average of $78.14 and a two-hundred day moving average of $78.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Synergy Asset Management LLC purchased a new position in shares of Utilities Select Sector SPDR Fund during the 4th quarter valued at approximately $26,000. Belmont Capital LLC lifted its holdings in Utilities Select Sector SPDR Fund by 85.2% in the 4th quarter. Belmont Capital LLC now owns 339 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 156 shares in the last quarter. Sherman Asset Management Inc. purchased a new position in Utilities Select Sector SPDR Fund in the 4th quarter valued at $27,000. Kestra Investment Management LLC purchased a new position in Utilities Select Sector SPDR Fund in the 4th quarter valued at $29,000. Finally, Asset Planning Inc purchased a new position in Utilities Select Sector SPDR Fund in the 4th quarter valued at $30,000.

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.