Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $136.25 and traded as low as $128.42. Industrial Select Sector SPDR Fund shares last traded at $131.07, with a volume of 9,633,395 shares trading hands.

Industrial Select Sector SPDR Fund Stock Performance

The stock’s 50 day simple moving average is $135.50 and its 200 day simple moving average is $136.25. The firm has a market cap of $18.90 billion, a PE ratio of 23.96 and a beta of 1.10.

Industrial Select Sector SPDR Fund Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were given a $0.4047 dividend. The ex-dividend date was Monday, March 24th.

Hedge Funds Weigh In On Industrial Select Sector SPDR Fund

Large investors have recently modified their holdings of the company. Transce3nd LLC purchased a new position in shares of Industrial Select Sector SPDR Fund in the fourth quarter worth about $25,000. Kohmann Bosshard Financial Services LLC purchased a new position in Industrial Select Sector SPDR Fund in the 4th quarter worth approximately $26,000. FSA Wealth Management LLC bought a new stake in Industrial Select Sector SPDR Fund in the third quarter valued at approximately $27,000. Synergy Investment Management LLC bought a new stake in Industrial Select Sector SPDR Fund in the fourth quarter valued at approximately $27,000. Finally, Heartland Advisors Inc. purchased a new stake in shares of Industrial Select Sector SPDR Fund during the fourth quarter valued at approximately $29,000.

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.