Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Utilities Select Sector SPDR Fund (NYSEARCA:XLU) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $44.72 and traded as low as $43.62. Utilities Select Sector SPDR Fund shares last traded at $44.34, with a volume of 22,302,512 shares.

Utilities Select Sector SPDR Fund Trading Up 0.9%

The stock has a market capitalization of $22.79 billion, a PE ratio of 20.74 and a beta of 0.61. The stock has a 50 day moving average price of $45.87 and a 200-day moving average price of $44.72.

Hedge Funds Weigh In On Utilities Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Paragon Financial Partners Inc. boosted its stake in shares of Utilities Select Sector SPDR Fund by 0.3% in the 3rd quarter. Paragon Financial Partners Inc. now owns 45,029 shares of the exchange traded fund’s stock worth $3,927,000 after buying an additional 114 shares during the last quarter. Dunhill Financial LLC lifted its position in Utilities Select Sector SPDR Fund by 8.8% during the third quarter. Dunhill Financial LLC now owns 1,424 shares of the exchange traded fund’s stock valued at $124,000 after purchasing an additional 115 shares in the last quarter. High Falls Advisors Inc lifted its position in Utilities Select Sector SPDR Fund by 2.5% during the second quarter. High Falls Advisors Inc now owns 4,754 shares of the exchange traded fund’s stock valued at $388,000 after purchasing an additional 118 shares in the last quarter. Okabena Investment Services Inc. lifted its position in Utilities Select Sector SPDR Fund by 2.1% during the third quarter. Okabena Investment Services Inc. now owns 5,702 shares of the exchange traded fund’s stock valued at $497,000 after purchasing an additional 120 shares in the last quarter. Finally, Navis Wealth Advisors LLC lifted its position in Utilities Select Sector SPDR Fund by 2.1% during the third quarter. Navis Wealth Advisors LLC now owns 5,774 shares of the exchange traded fund’s stock valued at $504,000 after purchasing an additional 120 shares in the last quarter. 90.06% of the stock is currently owned by hedge funds and other institutional investors.

Utilities Select Sector SPDR Fund Company Profile

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. The Fund utilizes a passive or indexing investment approach to attempt to approximate the investment performance of the Index.