Utilities Select Sector SPDR Fund (NYSEARCA:XLU – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $78.37 and traded as low as $77.86. Utilities Select Sector SPDR Fund shares last traded at $78.21, with a volume of 7,037,283 shares.
Utilities Select Sector SPDR Fund Stock Performance
The stock has a fifty day moving average price of $77.75 and a 200 day moving average price of $78.37. The stock has a market cap of $17.48 billion, a PE ratio of 20.26 and a beta of 0.55.
Institutional Investors Weigh In On Utilities Select Sector SPDR Fund
Hedge funds and other institutional investors have recently made changes to their positions in the company. Synergy Asset Management LLC purchased a new stake in Utilities Select Sector SPDR Fund in the fourth quarter worth $26,000. Belmont Capital LLC increased its stake in Utilities Select Sector SPDR Fund by 85.2% in the 4th quarter. Belmont Capital LLC now owns 339 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 156 shares during the period. Sherman Asset Management Inc. bought a new stake in Utilities Select Sector SPDR Fund during the 4th quarter valued at about $27,000. Kestra Investment Management LLC purchased a new stake in Utilities Select Sector SPDR Fund in the 4th quarter valued at about $29,000. Finally, Asset Planning Inc bought a new position in Utilities Select Sector SPDR Fund in the 4th quarter worth about $30,000.
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.
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