Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Share Price Crosses Above 200 Day Moving Average of $70.56

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $70.56 and traded as high as $80.64. Utilities Select Sector SPDR Fund shares last traded at $80.42, with a volume of 7,381,793 shares changing hands.

Utilities Select Sector SPDR Fund Stock Performance

The firm has a fifty day moving average price of $75.24 and a 200 day moving average price of $70.56. The company has a market cap of $14.46 billion, a price-to-earnings ratio of 23.76 and a beta of 0.49.

Institutional Trading of Utilities Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Accretive Wealth Partners LLC grew its stake in shares of Utilities Select Sector SPDR Fund by 1.3% in the 4th quarter. Accretive Wealth Partners LLC now owns 22,502 shares of the exchange traded fund’s stock valued at $1,425,000 after buying an additional 292 shares during the period. Steward Partners Investment Advisory LLC grew its stake in Utilities Select Sector SPDR Fund by 2.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 72,583 shares of the exchange traded fund’s stock valued at $4,597,000 after purchasing an additional 2,047 shares during the period. Stifel Financial Corp grew its stake in Utilities Select Sector SPDR Fund by 8.0% in the 4th quarter. Stifel Financial Corp now owns 564,222 shares of the exchange traded fund’s stock valued at $35,733,000 after purchasing an additional 41,804 shares during the period. Relative Value Partners Group LLC grew its stake in Utilities Select Sector SPDR Fund by 2.5% in the 4th quarter. Relative Value Partners Group LLC now owns 10,151 shares of the exchange traded fund’s stock valued at $643,000 after purchasing an additional 251 shares during the period. Finally, Scotia Capital Inc. bought a new position in Utilities Select Sector SPDR Fund in the 4th quarter valued at $952,000.

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.