Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $135.94 and traded as low as $130.98. Industrial Select Sector SPDR Fund shares last traded at $132.25, with a volume of 10,036,535 shares changing hands.

Industrial Select Sector SPDR Fund Stock Down 0.5 %

The business has a fifty day simple moving average of $135.87 and a 200 day simple moving average of $135.94. The company has a market cap of $19.07 billion, a price-to-earnings ratio of 23.96 and a beta of 1.10.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Centaurus Financial Inc. raised its stake in shares of Industrial Select Sector SPDR Fund by 61.2% during the 3rd quarter. Centaurus Financial Inc. now owns 61,684 shares of the exchange traded fund’s stock worth $8,355,000 after buying an additional 23,419 shares during the last quarter. Crewe Advisors LLC raised its stake in shares of Industrial Select Sector SPDR Fund by 858.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,897 shares of the exchange traded fund’s stock worth $257,000 after buying an additional 1,699 shares during the last quarter. WESPAC Advisors LLC acquired a new position in shares of Industrial Select Sector SPDR Fund during the 3rd quarter worth $218,000. CMG Global Holdings LLC raised its stake in shares of Industrial Select Sector SPDR Fund by 0.7% during the 3rd quarter. CMG Global Holdings LLC now owns 11,718 shares of the exchange traded fund’s stock worth $1,587,000 after buying an additional 83 shares during the last quarter. Finally, Great Valley Advisor Group Inc. raised its stake in shares of Industrial Select Sector SPDR Fund by 3.8% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 19,940 shares of the exchange traded fund’s stock worth $2,701,000 after buying an additional 737 shares during the last quarter.

About Industrial Select Sector SPDR Fund

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.