Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $147.72 and traded as low as $147.16. Health Care Select Sector SPDR Fund shares last traded at $147.22, with a volume of 7,373,174 shares traded.

Health Care Select Sector SPDR Fund Stock Performance

The company has a market cap of $38.50 billion, a price-to-earnings ratio of 32.25 and a beta of 0.69. The business has a 50-day simple moving average of $143.19 and a 200-day simple moving average of $147.72.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Several hedge funds have recently added to or reduced their stakes in XLV. Howard Capital Management Group LLC raised its stake in Health Care Select Sector SPDR Fund by 3.3% during 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 last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Health Care Select Sector SPDR Fund by 29.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,550 shares of the exchange traded fund’s stock valued at $1,461,000 after purchasing an additional 2,150 shares during the period. First Trust Direct Indexing L.P. raised its stake in shares of Health Care Select Sector SPDR Fund by 5.7% during the third quarter. First Trust Direct Indexing L.P. now owns 7,737 shares of the exchange traded fund’s stock worth $1,192,000 after purchasing an additional 417 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of Health Care Select Sector SPDR Fund by 3.1% during the third quarter. Pinnacle Associates Ltd. now owns 46,919 shares of the exchange traded fund’s stock worth $7,226,000 after purchasing an additional 1,427 shares during the period. Finally, JFS Wealth Advisors LLC grew its position in Health Care Select Sector SPDR Fund by 2.8% in the 3rd quarter. JFS Wealth Advisors LLC now owns 22,579 shares of the exchange traded fund’s stock valued at $3,478,000 after buying an additional 615 shares during the last quarter.

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).