Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Shares Pass Below 200-Day Moving Average – Should You Sell?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $152.14 and traded as low as $149.11. Health Care Select Sector SPDR Fund shares last traded at $150.88, with a volume of 10,396,484 shares changing hands.

Health Care Select Sector SPDR Fund Stock Down 0.9%

The stock has a market cap of $39.18 billion, a price-to-earnings ratio of 21.15 and a beta of 0.58. The stock’s fifty day moving average is $146.52 and its 200-day moving average is $152.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in XLV. Bank of America Corp DE boosted its holdings in shares of Health Care Select Sector SPDR Fund by 11.7% in the first quarter. Bank of America Corp DE now owns 31,021,559 shares of the exchange traded fund’s stock valued at $4,548,071,000 after buying an additional 3,259,957 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Health Care Select Sector SPDR Fund by 21.4% in the fourth quarter. JPMorgan Chase & Co. now owns 16,768,323 shares of the exchange traded fund’s stock valued at $2,595,737,000 after buying an additional 2,957,648 shares during the period. Focus Partners Wealth boosted its holdings in shares of Health Care Select Sector SPDR Fund by 191.2% in the third quarter. Focus Partners Wealth now owns 2,739,901 shares of the exchange traded fund’s stock valued at $381,315,000 after buying an additional 1,799,103 shares during the period. Rokos Capital Management LLP acquired a new position in shares of Health Care Select Sector SPDR Fund in the fourth quarter valued at approximately $256,589,000. Finally, State Street Corp boosted its holdings in shares of Health Care Select Sector SPDR Fund by 897.6% in the second quarter. State Street Corp now owns 1,325,623 shares of the exchange traded fund’s stock valued at $178,681,000 after buying an additional 1,192,747 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.