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

Utilities Select Sector SPDR Fund (NYSEARCA:XLU)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.98 and traded as low as $42.55. Utilities Select Sector SPDR Fund shares last traded at $42.81, with a volume of 5,761,034 shares changing hands.

Utilities Select Sector SPDR Fund Price Performance

The stock has a market capitalization of $21.63 billion, a P/E ratio of 20.74 and a beta of 0.59. The stock’s 50-day simple moving average is $44.17 and its 200 day simple moving average is $42.98.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Triumph Capital Management bought a new stake in shares of Utilities Select Sector SPDR Fund during the third quarter worth approximately $80,000. Keel Point LLC increased its stake in shares of Utilities Select Sector SPDR Fund by 30.3% during the third quarter. Keel Point LLC now owns 14,196 shares of the exchange traded fund’s stock worth $1,238,000 after purchasing an additional 3,304 shares during the period. FNY Investment Advisers LLC acquired a new stake in Utilities Select Sector SPDR Fund during the 3rd quarter worth approximately $34,000. IFP Advisors Inc boosted its stake in Utilities Select Sector SPDR Fund by 2.5% in the 3rd quarter. IFP Advisors Inc now owns 70,994 shares of the exchange traded fund’s stock valued at $6,192,000 after purchasing an additional 1,765 shares during the period. Finally, Manhattan West Asset Management LLC boosted its stake in Utilities Select Sector SPDR Fund by 4.5% in the 3rd quarter. Manhattan West Asset Management LLC now owns 118,099 shares of the exchange traded fund’s stock valued at $10,299,000 after purchasing an additional 5,039 shares during the period. 90.06% of the stock is owned by institutional investors.

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. The Fund utilizes a passive or indexing investment approach to attempt to approximate the investment performance of the Index.