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

Utilities Select Sector SPDR Fund (NYSEARCA:XLU)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $78.52 and traded as low as $75.66. Utilities Select Sector SPDR Fund shares last traded at $75.88, with a volume of 12,702,092 shares.

Utilities Select Sector SPDR Fund Price Performance

The firm has a market cap of $17.33 billion, a price-to-earnings ratio of 21.01 and a beta of 0.63. The stock has a 50-day moving average of $77.95 and a 200-day moving average of $78.52.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

A number of large investors have recently added to or reduced their stakes in XLU. ABLE Financial Group LLC boosted its holdings in shares of Utilities Select Sector SPDR Fund by 2.9% in the 4th quarter. ABLE Financial Group LLC now owns 4,523 shares of the exchange traded fund’s stock valued at $342,000 after purchasing an additional 129 shares in the last quarter. Silverlake Wealth Management LLC lifted its stake in shares of Utilities Select Sector SPDR Fund by 1.2% in the 4th quarter. Silverlake Wealth Management LLC now owns 10,919 shares of the exchange traded fund’s stock valued at $826,000 after acquiring an additional 133 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in shares of Utilities Select Sector SPDR Fund by 1.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 12,166 shares of the exchange traded fund’s stock valued at $921,000 after acquiring an additional 133 shares during the last quarter. Lodestone Wealth Management LLC lifted its stake in shares of Utilities Select Sector SPDR Fund by 4.3% in the 4th quarter. Lodestone Wealth Management LLC now owns 3,274 shares of the exchange traded fund’s stock valued at $248,000 after acquiring an additional 135 shares during the last quarter. Finally, Peak Financial Advisors LLC lifted its stake in shares of Utilities Select Sector SPDR Fund by 0.6% in the 4th quarter. Peak Financial Advisors LLC now owns 21,247 shares of the exchange traded fund’s stock valued at $1,608,000 after acquiring an additional 136 shares during the last quarter.

Utilities Select Sector SPDR Fund Company Profile

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.