Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Utilities Select Sector SPDR Fund (NYSEARCA:XLU)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $78.81 and traded as low as $78.29. Utilities Select Sector SPDR Fund shares last traded at $79.05, with a volume of 9,041,914 shares.

Utilities Select Sector SPDR Fund Price Performance

The company’s fifty day simple moving average is $78.49 and its 200-day simple moving average is $78.81. The firm has a market capitalization of $17.80 billion, a PE ratio of 20.47 and a beta of 0.55.

Utilities Select Sector SPDR Fund Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were issued a $0.555 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Trading of Utilities Select Sector SPDR Fund

A number of institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. lifted its stake in Utilities Select Sector SPDR Fund by 16.2% in the 4th quarter. Bessemer Group Inc. now owns 6,034,838 shares of the exchange traded fund’s stock worth $456,778,000 after purchasing an additional 840,186 shares in the last quarter. Demars Financial Group LLC acquired a new stake in shares of Utilities Select Sector SPDR Fund in the fourth quarter valued at approximately $285,675,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in Utilities Select Sector SPDR Fund during the fourth quarter worth approximately $258,000,000. Ameriprise Financial Inc. boosted its stake in Utilities Select Sector SPDR Fund by 34.8% during the fourth quarter. Ameriprise Financial Inc. now owns 2,385,632 shares of the exchange traded fund’s stock worth $180,386,000 after buying an additional 615,706 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in Utilities Select Sector SPDR Fund during the fourth quarter worth $163,430,000.

About Utilities Select Sector SPDR Fund

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.