Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $135.94 and traded as low as $130.98. Industrial Select Sector SPDR Fund shares last traded at $132.25, with a volume of 10,036,535 shares trading hands.

Industrial Select Sector SPDR Fund Stock Performance

The stock has a market cap of $19.07 billion, a PE ratio of 23.96 and a beta of 1.10. The company has a 50 day moving average of $135.87 and a two-hundred day moving average of $135.99.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

Several institutional investors have recently bought and sold shares of XLI. Menora Mivtachim Holdings LTD. boosted its holdings in shares of Industrial Select Sector SPDR Fund by 11,790.4% during the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,973,804 shares of the exchange traded fund’s stock worth $260,068,000 after purchasing an additional 1,957,204 shares during the last quarter. Phoenix Financial Ltd. boosted its holdings in shares of Industrial Select Sector SPDR Fund by 1,383.4% during the 4th quarter. Phoenix Financial Ltd. now owns 1,723,153 shares of the exchange traded fund’s stock worth $227,042,000 after purchasing an additional 1,606,989 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Industrial Select Sector SPDR Fund by 61.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245,130 shares of the exchange traded fund’s stock worth $427,580,000 after purchasing an additional 1,236,430 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Industrial Select Sector SPDR Fund during the 4th quarter worth approximately $117,793,000. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of Industrial Select Sector SPDR Fund by 14,726.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 638,718 shares of the exchange traded fund’s stock worth $815,000 after purchasing an additional 634,410 shares during the last quarter.

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.