Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Share Price Passes Above 50-Day Moving Average – What’s Next?

Utilities Select Sector SPDR Fund (NYSEARCA:XLU)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $45.67 and traded as high as $46.50. Utilities Select Sector SPDR Fund shares last traded at $46.17, with a volume of 12,937,073 shares traded.

Utilities Select Sector SPDR Fund Trading Up 1.1%

The business has a 50 day simple moving average of $45.79 and a 200-day simple moving average of $44.55. The stock has a market capitalization of $24.72 billion, a price-to-earnings ratio of 20.74 and a beta of 0.62.

Institutional Trading of Utilities Select Sector SPDR Fund

Hedge funds have recently added to or reduced their stakes in the business. Aventura Private Wealth LLC acquired a new stake in Utilities Select Sector SPDR Fund in the 4th quarter worth about $25,000. Kelleher Financial Advisors acquired a new position in shares of Utilities Select Sector SPDR Fund in the 4th quarter valued at about $25,000. Davis Capital Management acquired a new position in shares of Utilities Select Sector SPDR Fund in the 3rd quarter valued at about $26,000. Piscataqua Savings Bank lifted its stake in shares of Utilities Select Sector SPDR Fund by 100.0% in the 4th quarter. Piscataqua Savings Bank now owns 600 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 300 shares in the last quarter. Finally, Paladin Advisory Group LLC lifted its stake in shares of Utilities Select Sector SPDR Fund by 100.0% in the 4th quarter. Paladin Advisory Group LLC now owns 616 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 308 shares in the last quarter. 90.06% of the stock is owned by institutional investors and hedge funds.

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