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

Shares of Health Care Select Sector SPDR Fund (NYSEARCA:XLV) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $146.69 and traded as low as $144.35. Health Care Select Sector SPDR Fund shares last traded at $145.27, with a volume of 6,501,121 shares trading hands.

Health Care Select Sector SPDR Fund Stock Performance

The stock has a market cap of $38.35 billion, a price-to-earnings ratio of 29.25 and a beta of 0.68. The company has a 50-day simple moving average of $146.09 and a two-hundred day simple moving average of $146.69.

Health Care Select Sector SPDR Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 24th will be issued a dividend of $0.5645 per share. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Howard Capital Management Group LLC raised its stake in Health Care Select Sector SPDR Fund by 3.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 55,116 shares of the exchange traded fund’s stock valued at $8,489,000 after acquiring an additional 1,741 shares during the period. Cerity Partners LLC increased its holdings in shares of Health Care Select Sector SPDR Fund by 11.8% in the third quarter. Cerity Partners LLC now owns 122,105 shares of the exchange traded fund’s stock valued at $18,807,000 after purchasing an additional 12,931 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Health Care Select Sector SPDR Fund by 659.4% in the third quarter. Brown Brothers Harriman & Co. now owns 32,904 shares of the exchange traded fund’s stock valued at $5,068,000 after purchasing an additional 28,571 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Health Care Select Sector SPDR Fund during the 3rd quarter worth about $213,000. Finally, Bank of Montreal Can boosted its holdings in shares of Health Care Select Sector SPDR Fund by 19.3% during the 3rd quarter. Bank of Montreal Can now owns 279,640 shares of the exchange traded fund’s stock worth $42,790,000 after buying an additional 45,146 shares during the period.

Health Care Select Sector SPDR Fund Company Profile

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).