Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Stock Crosses Below 200 Day Moving Average – Here’s Why

Health Care Select Sector SPDR Fund (NYSEARCA:XLVGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $146.29 and traded as low as $142.19. Health Care Select Sector SPDR Fund shares last traded at $144.30, with a volume of 6,385,896 shares.

Health Care Select Sector SPDR Fund Stock Up 0.7 %

The stock has a market capitalization of $38.11 billion, a price-to-earnings ratio of 29.15 and a beta of 0.71. The stock has a 50 day moving average price of $146.51 and a 200 day moving average price of $146.29.

Health Care Select Sector SPDR Fund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were issued a $0.5645 dividend. The ex-dividend date was Monday, March 24th.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in XLV. Human Investing LLC acquired a new position in Health Care Select Sector SPDR Fund in the fourth quarter valued at $26,000. Parvin Asset Management LLC bought a new position in shares of Health Care Select Sector SPDR Fund in the 4th quarter worth about $28,000. Pinney & Scofield Inc. acquired a new position in shares of Health Care Select Sector SPDR Fund in the 4th quarter valued at about $28,000. Roxbury Financial LLC bought a new stake in shares of Health Care Select Sector SPDR Fund during the 4th quarter valued at about $29,000. Finally, Morling Financial Advisors LLC bought a new stake in shares of Health Care Select Sector SPDR Fund during the 4th quarter valued at about $29,000.

About Health Care Select Sector SPDR Fund

(Get Free Report)

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).

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