Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

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 $44.70 and traded as low as $44.19. Utilities Select Sector SPDR Fund shares last traded at $44.53, with a volume of 17,941,361 shares traded.

Utilities Select Sector SPDR Fund Price Performance

The stock has a market capitalization of $22.89 billion, a P/E ratio of 20.74 and a beta of 0.58. The company has a fifty day moving average of $45.26 and a two-hundred day moving average of $44.70.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

Institutional investors have recently made changes to their positions in the company. Paragon Financial Partners Inc. increased its stake in Utilities Select Sector SPDR Fund by 0.3% during the third quarter. Paragon Financial Partners Inc. now owns 45,029 shares of the exchange traded fund’s stock valued at $3,927,000 after purchasing an additional 114 shares during the last quarter. Dunhill Financial LLC lifted its position in shares of Utilities Select Sector SPDR Fund by 8.8% in the 3rd quarter. Dunhill Financial LLC now owns 1,424 shares of the exchange traded fund’s stock worth $124,000 after buying an additional 115 shares during the last quarter. High Falls Advisors Inc boosted its holdings in shares of Utilities Select Sector SPDR Fund by 2.5% in the 2nd quarter. High Falls Advisors Inc now owns 4,754 shares of the exchange traded fund’s stock valued at $388,000 after buying an additional 118 shares during the period. Okabena Investment Services Inc. boosted its holdings in shares of Utilities Select Sector SPDR Fund by 2.1% in the 3rd quarter. Okabena Investment Services Inc. now owns 5,702 shares of the exchange traded fund’s stock valued at $497,000 after buying an additional 120 shares during the period. Finally, Navis Wealth Advisors LLC grew its position in shares of Utilities Select Sector SPDR Fund by 2.1% during the 3rd quarter. Navis Wealth Advisors LLC now owns 5,774 shares of the exchange traded fund’s stock valued at $504,000 after buying an additional 120 shares during the last quarter. 90.06% of the stock is currently 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.