SPDR S&P Retail ETF (NYSEARCA:XRT) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of SPDR S&P Retail ETF (NYSEARCA:XRTGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $75.52 and traded as low as $74.08. SPDR S&P Retail ETF shares last traded at $74.20, with a volume of 8,189,632 shares trading hands.

SPDR S&P Retail ETF Trading Down 3.1%

The firm’s 50 day simple moving average is $69.21 and its 200-day simple moving average is $75.52. The stock has a market capitalization of $300.51 million, a price-to-earnings ratio of 14.37 and a beta of 1.28.

Institutional Investors Weigh In On SPDR S&P Retail ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Natixis acquired a new stake in SPDR S&P Retail ETF in the 4th quarter valued at $34,000. Golden State Wealth Management LLC acquired a new position in shares of SPDR S&P Retail ETF during the 4th quarter worth about $42,000. NBC Securities Inc. increased its stake in shares of SPDR S&P Retail ETF by 107,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,080 shares of the exchange traded fund’s stock worth $74,000 after purchasing an additional 1,079 shares during the last quarter. CX Institutional increased its stake in shares of SPDR S&P Retail ETF by 2,518.4% during the 1st quarter. CX Institutional now owns 1,283 shares of the exchange traded fund’s stock worth $89,000 after purchasing an additional 1,234 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of SPDR S&P Retail ETF during the 1st quarter worth about $188,000.

SPDR S&P Retail ETF Company Profile

(Get Free Report)

SPDR S&P Retail ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Retail Select Industry Index (the Index). The Index is an equal weighted market cap index. The Index represents the retail sub-industry portion of the S&P Total Market Index. The Fund invests in industries, such as apparel retail, automotive retail, food retail, department stores, Internet retail, general merchandise stores, drug retail, and hypermarkets and super centers.

Further Reading

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