Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Utilities Select Sector SPDR Fund (NYSEARCA:XLU) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $78.62 and traded as low as $77.31. Utilities Select Sector SPDR Fund shares last traded at $78.87, with a volume of 9,134,535 shares changing hands.

Utilities Select Sector SPDR Fund Price Performance

The stock’s fifty day moving average is $78.14 and its 200-day moving average is $78.65. The stock has a market cap of $17.73 billion, a PE ratio of 20.43 and a beta of 0.60.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ABLE Financial Group LLC raised its stake in shares of Utilities Select Sector SPDR Fund by 2.9% in the 4th quarter. ABLE Financial Group LLC now owns 4,523 shares of the exchange traded fund’s stock valued at $342,000 after acquiring an additional 129 shares during the period. Silverlake Wealth Management LLC raised its position in Utilities Select Sector SPDR Fund by 1.2% in the fourth quarter. Silverlake Wealth Management LLC now owns 10,919 shares of the exchange traded fund’s stock valued at $826,000 after purchasing an additional 133 shares during the period. Capital Advisors Ltd. LLC raised its position in Utilities Select Sector SPDR Fund by 1.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 12,166 shares of the exchange traded fund’s stock valued at $921,000 after purchasing an additional 133 shares during the period. Lodestone Wealth Management LLC lifted its stake in Utilities Select Sector SPDR Fund by 4.3% during the fourth quarter. Lodestone Wealth Management LLC now owns 3,274 shares of the exchange traded fund’s stock worth $248,000 after purchasing an additional 135 shares in the last quarter. Finally, Peak Financial Advisors LLC boosted its position in shares of Utilities Select Sector SPDR Fund by 0.6% during the fourth quarter. Peak Financial Advisors LLC now owns 21,247 shares of the exchange traded fund’s stock worth $1,608,000 after buying an additional 136 shares during the period.

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.