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

Utilities Select Sector SPDR Fund (NYSEARCA:XLU)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $75.87 and traded as low as $74.70. Utilities Select Sector SPDR Fund shares last traded at $76.43, with a volume of 12,544,759 shares.

Utilities Select Sector SPDR Fund Trading Up 1.6 %

The firm’s 50-day moving average price is $79.69 and its 200-day moving average price is $75.87. The stock has a market capitalization of $13.74 billion, a PE ratio of 23.76 and a beta of 0.49.

Institutional Trading of Utilities Select Sector SPDR Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ORG Wealth Partners LLC purchased a new position in Utilities Select Sector SPDR Fund during the third quarter worth $27,000. MGB Wealth Management LLC lifted its holdings in shares of Utilities Select Sector SPDR Fund by 300.0% in the 3rd quarter. MGB Wealth Management LLC now owns 400 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 300 shares during the last quarter. Marquette Asset Management LLC purchased a new position in shares of Utilities Select Sector SPDR Fund during the 3rd quarter worth about $33,000. Financial Management Professionals Inc. bought a new position in Utilities Select Sector SPDR Fund during the 3rd quarter valued at about $37,000. Finally, Rakuten Securities Inc. raised its position in Utilities Select Sector SPDR Fund by 756.1% in the 3rd quarter. Rakuten Securities Inc. now owns 488 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 431 shares during the period.

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.