Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Hits New 1-Year Low – Time to Sell?

Utilities Select Sector SPDR Fund (NYSEARCA:XLU)’s stock price reached a new 52-week low on Monday . The stock traded as low as $41.08 and last traded at $40.8010, with a volume of 22487409 shares trading hands. The stock had previously closed at $41.10.

Utilities Select Sector SPDR Fund Stock Performance

The firm’s 50 day moving average price is $43.77 and its two-hundred day moving average price is $44.89. The firm has a market cap of $21.01 billion, a PE ratio of 20.74 and a beta of 0.57.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in XLU. Narus Financial Partners LLC lifted its position in Utilities Select Sector SPDR Fund by 98.6% in the fourth quarter. Narus Financial Partners LLC now owns 17,396 shares of the exchange traded fund’s stock valued at $743,000 after buying an additional 8,638 shares during the last quarter. Interactive Financial Advisors Inc. increased its position in shares of Utilities Select Sector SPDR Fund by 79.4% during the fourth quarter. Interactive Financial Advisors Inc. now owns 34,586 shares of the exchange traded fund’s stock valued at $1,477,000 after acquiring an additional 15,303 shares during the last quarter. Prospera Financial Services Inc increased its position in shares of Utilities Select Sector SPDR Fund by 138.6% during the fourth quarter. Prospera Financial Services Inc now owns 147,990 shares of the exchange traded fund’s stock valued at $6,318,000 after acquiring an additional 85,976 shares during the last quarter. Beck Bode LLC purchased a new stake in shares of Utilities Select Sector SPDR Fund in the 4th quarter valued at approximately $4,210,000. Finally, Axxcess Wealth Management LLC raised its stake in shares of Utilities Select Sector SPDR Fund by 565.6% in the 4th quarter. Axxcess Wealth Management LLC now owns 155,346 shares of the exchange traded fund’s stock valued at $6,632,000 after acquiring an additional 132,008 shares during the period. 90.06% of the stock is currently owned by hedge funds and other 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.