Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $78.49 and traded as low as $77.28. Utilities Select Sector SPDR Fund shares last traded at $77.77, with a volume of 9,450,834 shares.

Utilities Select Sector SPDR Fund Stock Performance

The company has a 50-day moving average of $77.94 and a 200-day moving average of $78.49. The stock has a market cap of $17.51 billion, a price-to-earnings ratio of 20.47 and a beta of 0.55.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

Several hedge funds have recently modified their holdings of the stock. Demars Financial Group LLC acquired a new stake in shares of Utilities Select Sector SPDR Fund in the 4th quarter valued at approximately $285,675,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Utilities Select Sector SPDR Fund in the fourth quarter valued at $258,000,000. JPMorgan Chase & Co. boosted its position in shares of Utilities Select Sector SPDR Fund by 250.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,527,266 shares of the exchange traded fund’s stock worth $123,373,000 after purchasing an additional 2,542,384 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of Utilities Select Sector SPDR Fund during the 4th quarter worth $163,430,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Utilities Select Sector SPDR Fund in the 4th quarter valued at about $117,948,000.

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.