Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $135.76 and traded as low as $131.74. Industrial Select Sector SPDR Fund shares last traded at $132.70, with a volume of 12,029,078 shares.

Industrial Select Sector SPDR Fund Trading Up 1.2 %

The stock has a market cap of $19.36 billion, a P/E ratio of 25.68 and a beta of 1.10. The company’s 50 day moving average price is $135.98 and its two-hundred day moving average price is $135.84.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in Industrial Select Sector SPDR Fund by 12.8% during the 4th quarter. LPL Financial LLC now owns 4,670,645 shares of the exchange traded fund’s stock worth $615,404,000 after acquiring an additional 531,686 shares during the period. Ameriprise Financial Inc. grew its holdings in Industrial Select Sector SPDR Fund by 12.8% during the 4th quarter. Ameriprise Financial Inc. now owns 3,615,778 shares of the exchange traded fund’s stock valued at $476,846,000 after buying an additional 411,110 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Industrial Select Sector SPDR Fund by 61.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245,130 shares of the exchange traded fund’s stock valued at $427,580,000 after buying an additional 1,236,430 shares in the last quarter. CHURCHILL MANAGEMENT Corp grew its holdings in Industrial Select Sector SPDR Fund by 0.8% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 2,506,323 shares of the exchange traded fund’s stock valued at $330,233,000 after buying an additional 19,856 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. grew its holdings in Industrial Select Sector SPDR Fund by 11,790.4% during the 4th quarter. Menora Mivtachim Holdings LTD. now owns 1,973,804 shares of the exchange traded fund’s stock valued at $260,068,000 after buying an additional 1,957,204 shares in the last quarter.

About Industrial Select Sector SPDR Fund

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.