Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Shares Cross Below 200-Day Moving Average – Here’s Why

Posted by ABMN Staff on Dec 21st, 2024

Utilities Select Sector SPDR Fund (NYSEARCA:XLU – Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Utilities Select Sector SPDR Fund Stock Up 1.6 %

The firm has a market cap of $13.74 billion, a PE ratio of 23.76 and a beta of 0.49. The firm’s fifty day simple moving average is $79.69 and its two-hundred day simple moving average is $75.87.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

A number of institutional investors have recently added to or reduced their stakes in XLU. ORG Wealth Partners LLC bought a new stake in shares of Utilities Select Sector SPDR Fund in the third quarter worth about $27,000. MGB Wealth Management LLC increased its stake in 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 bought a new stake in Utilities Select Sector SPDR Fund in the 3rd quarter worth approximately $33,000. Financial Management Professionals Inc. purchased a new stake in shares of Utilities Select Sector SPDR Fund during the 3rd quarter worth approximately $37,000. Finally, Rakuten Securities Inc. boosted its position in shares of Utilities Select Sector SPDR Fund by 756.1% during the 3rd quarter. Rakuten Securities Inc. now owns 488 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 431 shares during the last quarter.

Utilities Select Sector SPDR Fund Company Profile

(Get Free Report)

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.