Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Industrial Select Sector SPDR Fund (NYSEARCA:XLI) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $135.47 and traded as low as $125.92. Industrial Select Sector SPDR Fund shares last traded at $126.98, with a volume of 8,059,425 shares traded.

Industrial Select Sector SPDR Fund Trading Up 1.0 %

The company has a 50-day moving average of $131.92 and a 200-day moving average of $135.47. The company has a market capitalization of $18.31 billion, a price-to-earnings ratio of 23.91 and a beta of 1.03.

Hedge Funds Weigh In On Industrial Select Sector SPDR Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWA Asset Management Group LLC acquired a new stake in shares of Industrial Select Sector SPDR Fund during the fourth quarter worth about $288,000. Garden State Investment Advisory Services LLC raised its position in Industrial Select Sector SPDR Fund by 9.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 2,940 shares of the exchange traded fund’s stock worth $399,000 after buying an additional 244 shares during the last quarter. Beaird Harris Wealth Management LLC acquired a new stake in Industrial Select Sector SPDR Fund during the 3rd quarter valued at approximately $541,000. Synovus Financial Corp boosted its holdings in shares of Industrial Select Sector SPDR Fund by 64.6% in the 3rd quarter. Synovus Financial Corp now owns 7,411 shares of the exchange traded fund’s stock valued at $1,004,000 after acquiring an additional 2,909 shares during the last quarter. Finally, PVG Asset Management Corp acquired a new stake in shares of Industrial Select Sector SPDR Fund in the third quarter worth $337,000.

Industrial Select Sector SPDR Fund Company Profile

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.