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

Shares of Utilities Select Sector SPDR Fund (NYSEARCA:XLU) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $78.62 and traded as low as $77.31. Utilities Select Sector SPDR Fund shares last traded at $78.87, with a volume of 9,134,535 shares trading hands.

Utilities Select Sector SPDR Fund Trading Up 2.0 %

The business has a fifty day simple moving average of $78.14 and a two-hundred day simple moving average of $78.62. The company has a market cap of $18.02 billion, a PE ratio of 21.01 and a beta of 0.63.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Synergy Asset Management LLC purchased a new position in shares of Utilities Select Sector SPDR Fund during the 4th quarter worth $26,000. Belmont Capital LLC raised its holdings in shares of Utilities Select Sector SPDR Fund by 85.2% during the 4th quarter. Belmont Capital LLC now owns 339 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 156 shares during the period. Sherman Asset Management Inc. purchased a new position in shares of Utilities Select Sector SPDR Fund during the 4th quarter worth $27,000. Kestra Investment Management LLC purchased a new position in shares of Utilities Select Sector SPDR Fund during the 4th quarter worth $29,000. Finally, Asset Planning Inc purchased a new position in shares of Utilities Select Sector SPDR Fund during the 4th quarter worth $30,000.

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.