Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Shares of Health Care Select Sector SPDR Fund (NYSEARCA:XLV) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $150.78 and traded as low as $146.27. Health Care Select Sector SPDR Fund shares last traded at $146.81, with a volume of 11,087,111 shares traded.

Health Care Select Sector SPDR Fund Price Performance

The business has a 50 day moving average of $153.01 and a 200 day moving average of $150.84. The company has a market capitalization of $38.66 billion, a P/E ratio of 21.15 and a beta of 0.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Corsicana & Co. purchased a new position in shares of Health Care Select Sector SPDR Fund during the third quarter valued at approximately $223,000. Pinnacle Wealth Management Group Inc. raised its holdings in shares of Health Care Select Sector SPDR Fund by 10.3% in the third quarter. Pinnacle Wealth Management Group Inc. now owns 17,818 shares of the exchange traded fund’s stock worth $2,480,000 after buying an additional 1,665 shares during the period. Lbmc Investment Advisors LLC raised its holdings in shares of Health Care Select Sector SPDR Fund by 43.1% in the third quarter. Lbmc Investment Advisors LLC now owns 11,622 shares of the exchange traded fund’s stock worth $1,617,000 after buying an additional 3,500 shares during the period. Orion Porfolio Solutions LLC lifted its stake in shares of Health Care Select Sector SPDR Fund by 1.6% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 43,666 shares of the exchange traded fund’s stock worth $5,886,000 after acquiring an additional 669 shares during the last quarter. Finally, Clarus Wealth Advisors boosted its holdings in Health Care Select Sector SPDR Fund by 4.6% during the 3rd quarter. Clarus Wealth Advisors now owns 11,673 shares of the exchange traded fund’s stock valued at $1,691,000 after acquiring an additional 514 shares during the period.

About Health Care Select Sector SPDR Fund

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.