Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $44.37 and traded as high as $46.95. Utilities Select Sector SPDR Fund shares last traded at $46.85, with a volume of 27,751,476 shares traded.

Utilities Select Sector SPDR Fund Stock Up 0.2%

The stock has a market capitalization of $24.04 billion, a PE ratio of 20.74 and a beta of 0.59. The stock’s 50-day moving average is $44.37 and its 200 day moving average is $43.97.

Hedge Funds Weigh In On Utilities Select Sector SPDR Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. CMG Global Holdings LLC raised its holdings in shares of Utilities Select Sector SPDR Fund by 1.2% during the third quarter. CMG Global Holdings LLC now owns 9,675 shares of the exchange traded fund’s stock worth $899,000 after acquiring an additional 111 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in Utilities Select Sector SPDR Fund by 1.1% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,521 shares of the exchange traded fund’s stock valued at $918,000 after purchasing an additional 114 shares during the last quarter. Paragon Financial Partners Inc. grew its stake in Utilities Select Sector SPDR Fund by 0.3% in the third quarter. Paragon Financial Partners Inc. now owns 45,029 shares of the exchange traded fund’s stock valued at $3,927,000 after purchasing an additional 114 shares in the last quarter. Dunhill Financial LLC grew its stake in Utilities Select Sector SPDR Fund by 8.8% in 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. Finally, Boltwood Capital Management increased its position in Utilities Select Sector SPDR Fund by 1.1% in the 3rd quarter. Boltwood Capital Management now owns 10,531 shares of the exchange traded fund’s stock worth $918,000 after purchasing an additional 118 shares during 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.