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

Utilities Select Sector SPDR Fund (NYSEARCA:XLU)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $76.41 and traded as low as $75.84. Utilities Select Sector SPDR Fund shares last traded at $76.03, with a volume of 11,427,469 shares traded.

Utilities Select Sector SPDR Fund Stock Performance

The stock has a market cap of $13.67 billion, a P/E ratio of 23.76 and a beta of 0.49. The firm’s 50 day moving average is $78.49 and its 200 day moving average is $76.46.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC purchased a new stake in shares of Utilities Select Sector SPDR Fund during the third quarter valued at $27,000. MGB Wealth Management LLC lifted its position in Utilities Select Sector SPDR Fund by 300.0% during 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 period. Marquette Asset Management LLC purchased a new stake in Utilities Select Sector SPDR Fund during the 3rd quarter valued at about $33,000. Financial Management Professionals Inc. acquired a new position in shares of Utilities Select Sector SPDR Fund in the third quarter valued at about $37,000. Finally, Rakuten Securities Inc. raised its stake in shares of Utilities Select Sector SPDR Fund by 756.1% in the third quarter. Rakuten Securities Inc. now owns 488 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 431 shares during the last quarter.

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.