Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) shares 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.

Health Care Select Sector SPDR Fund Stock Performance

The firm has a market capitalization of $39.55 billion, a PE ratio of 21.15 and a beta of 0.58. The company’s 50 day simple moving average is $146.47 and its 200-day simple moving average is $152.14.

Institutional Trading of Health Care Select Sector SPDR Fund

Several institutional investors and hedge funds have recently made changes to their positions in XLV. Bank of America Corp DE raised its position in shares of Health Care Select Sector SPDR Fund by 11.7% during the 1st 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 in the last quarter. JPMorgan Chase & Co. increased its position 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 acquiring an additional 2,957,648 shares during the period. Focus Partners Wealth increased its position in shares of Health Care Select Sector SPDR Fund by 191.2% during 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 purchased a new position in shares of Health Care Select Sector SPDR Fund during the fourth quarter valued at about $256,589,000. Finally, State Street Corp increased its position in shares of Health Care Select Sector SPDR Fund by 897.6% during 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.

Health Care Select Sector SPDR Fund Company Profile

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.