Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Shares Pass Below Two Hundred Day Moving Average of $122.02

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $122.02 and traded as low as $121.39. Industrial Select Sector SPDR Fund shares last traded at $121.46, with a volume of 8,298,889 shares trading hands.

Industrial Select Sector SPDR Fund Price Performance

The firm has a market cap of $18.25 billion, a PE ratio of 26.03 and a beta of 0.90. The business has a 50-day moving average price of $123.27 and a two-hundred day moving average price of $122.11.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Edgestream Partners L.P. bought a new position in shares of Industrial Select Sector SPDR Fund in the second quarter valued at $937,000. GDS Wealth Management lifted its position in Industrial Select Sector SPDR Fund by 8.7% in the second quarter. GDS Wealth Management now owns 57,909 shares of the exchange traded fund’s stock worth $7,057,000 after buying an additional 4,652 shares during the last quarter. Wulff Hansen & CO. boosted its stake in Industrial Select Sector SPDR Fund by 12,087.0% in the second quarter. Wulff Hansen & CO. now owns 378,406 shares of the exchange traded fund’s stock valued at $46,116,000 after acquiring an additional 375,301 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Industrial Select Sector SPDR Fund during the 2nd quarter worth about $8,482,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in shares of Industrial Select Sector SPDR Fund in the 2nd quarter worth $416,000.

Industrial Select Sector SPDR Fund Company Profile

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.