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

Utilities Select Sector SPDR Fund (NYSEARCA:XLU)’s share price 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 trading hands.

Utilities Select Sector SPDR Fund Price Performance

The company’s 50 day simple moving average is $75.45 and its 200 day simple moving average is $70.72. The company has a market capitalization of $14.46 billion, a PE ratio of 23.76 and a beta of 0.49.

Hedge Funds Weigh In On Utilities Select Sector SPDR Fund

Hedge funds have recently modified their holdings of the business. Carson Advisory Inc. grew its stake in shares of Utilities Select Sector SPDR Fund by 1.7% in the 2nd quarter. Carson Advisory Inc. now owns 8,435 shares of the exchange traded fund’s stock valued at $575,000 after purchasing an additional 137 shares during the last quarter. Paragon Financial Partners Inc. grew its position in Utilities Select Sector SPDR Fund by 0.3% in the 2nd quarter. Paragon Financial Partners Inc. now owns 48,018 shares of the exchange traded fund’s stock valued at $3,272,000 after buying an additional 139 shares during the last quarter. Jaffetilchin Investment Partners LLC increased its stake in Utilities Select Sector SPDR Fund by 1.7% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 8,353 shares of the exchange traded fund’s stock valued at $569,000 after buying an additional 142 shares during the period. Anchor Investment Management LLC raised its position in Utilities Select Sector SPDR Fund by 11.2% during the 2nd quarter. Anchor Investment Management LLC now owns 1,433 shares of the exchange traded fund’s stock worth $98,000 after buying an additional 144 shares during the last quarter. Finally, Bfsg LLC lifted its stake in shares of Utilities Select Sector SPDR Fund by 1.2% in the 2nd quarter. Bfsg LLC now owns 12,737 shares of the exchange traded fund’s stock worth $868,000 after acquiring an additional 147 shares during the period.

About Utilities Select Sector SPDR Fund

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.