Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Utilities Select Sector SPDR Fund (NYSEARCA:XLU) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $78.81 and traded as low as $78.29. Utilities Select Sector SPDR Fund shares last traded at $79.05, with a volume of 9,041,914 shares traded.

Utilities Select Sector SPDR Fund Trading Up 0.3 %

The firm’s fifty day simple moving average is $78.49 and its two-hundred day simple moving average is $78.81. The company has a market capitalization of $17.80 billion, a price-to-earnings ratio of 20.47 and a beta of 0.55.

Utilities Select Sector SPDR Fund Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were issued a $0.555 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Hedge Funds Weigh In On Utilities Select Sector SPDR Fund

Large investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB raised its stake in shares of Utilities Select Sector SPDR Fund by 256.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 546 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 393 shares during the period. Fulcrum Equity Management increased its holdings in Utilities Select Sector SPDR Fund by 63.7% in the 4th quarter. Fulcrum Equity Management now owns 19,379 shares of the exchange traded fund’s stock valued at $1,467,000 after purchasing an additional 7,541 shares during the last quarter. Prostatis Group LLC purchased a new stake in Utilities Select Sector SPDR Fund in the fourth quarter valued at approximately $436,000. M1 Capital Management LLC acquired a new position in Utilities Select Sector SPDR Fund during the fourth quarter worth $1,692,000. Finally, Northeast Planning Associates INC. NH acquired a new position in Utilities Select Sector SPDR Fund during the fourth quarter worth $608,000.

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.