Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Utilities Select Sector SPDR Fund (NYSEARCA:XLU)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $44.86 and traded as high as $45.95. Utilities Select Sector SPDR Fund shares last traded at $45.22, with a volume of 15,907,025 shares traded.

Utilities Select Sector SPDR Fund Stock Down 0.7%

The stock has a market cap of $23.40 billion, a PE ratio of 20.74 and a beta of 0.58. The firm has a fifty day moving average of $44.87 and a 200 day moving average of $45.03.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Brighton Jones LLC grew its stake in Utilities Select Sector SPDR Fund by 12.8% during the 4th quarter. Brighton Jones LLC now owns 3,823 shares of the exchange traded fund’s stock worth $289,000 after buying an additional 433 shares during the last quarter. AQR Capital Management LLC lifted its stake in Utilities Select Sector SPDR Fund by 3.5% in the first quarter. AQR Capital Management LLC now owns 51,682 shares of the exchange traded fund’s stock valued at $4,075,000 after buying an additional 1,769 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Utilities Select Sector SPDR Fund in the first quarter valued at approximately $1,264,000. Russell Investments Group Ltd. boosted its holdings in shares of Utilities Select Sector SPDR Fund by 36.2% in the second quarter. Russell Investments Group Ltd. now owns 1,807 shares of the exchange traded fund’s stock valued at $148,000 after acquiring an additional 480 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Utilities Select Sector SPDR Fund by 64.5% during the second quarter. First Trust Advisors LP now owns 27,133 shares of the exchange traded fund’s stock worth $2,216,000 after acquiring an additional 10,637 shares during the last quarter. Institutional investors and hedge funds own 90.06% of the company’s stock.

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.