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

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $45.27 and traded as low as $42.02. Utilities Select Sector SPDR Fund shares last traded at $42.67, with a volume of 29,758,955 shares changing hands.

Utilities Select Sector SPDR Fund Stock Down 0.1%

The company has a 50-day simple moving average of $44.49 and a two-hundred day simple moving average of $45.24. The firm has a market cap of $22.22 billion, a PE ratio of 20.74 and a beta of 0.57.

Hedge Funds Weigh In On Utilities Select Sector SPDR Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New Millennium Group LLC boosted its stake in Utilities Select Sector SPDR Fund by 96.4% in the fourth quarter. New Millennium Group LLC now owns 599 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 294 shares during the last quarter. Smithfield Trust Co raised its holdings in shares of Utilities Select Sector SPDR Fund by 100.0% in the 4th quarter. Smithfield Trust Co now owns 600 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 300 shares during the period. IFC & Insurance Marketing Inc. bought a new stake in shares of Utilities Select Sector SPDR Fund in the 4th quarter worth approximately $28,000. Osbon Capital Management LLC purchased a new position in Utilities Select Sector SPDR Fund in the fourth quarter valued at approximately $32,000. Finally, Main Street Group LTD purchased a new position in Utilities Select Sector SPDR Fund in the first quarter valued at approximately $32,000. 90.06% of the stock is owned by hedge funds and other institutional investors.

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. The Fund utilizes a passive or indexing investment approach to attempt to approximate the investment performance of the Index.