Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Stock Price Crosses Above Fifty 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 Thursday . The stock has a fifty day moving average of $44.92 and traded as high as $46.33. Utilities Select Sector SPDR Fund shares last traded at $46.19, with a volume of 13,695,326 shares changing hands.

Utilities Select Sector SPDR Fund Stock Up 0.6%

The company has a 50-day moving average price of $44.92 and a 200-day moving average price of $45.12. The company has a market capitalization of $23.94 billion, a price-to-earnings ratio of 20.74 and a beta of 0.58.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of XLU. Cascade Investment Group Inc. grew its stake in shares of Utilities Select Sector SPDR Fund by 5.1% during the second quarter. Cascade Investment Group Inc. now owns 5,107 shares of the exchange traded fund’s stock worth $232,000 after purchasing an additional 248 shares during the period. Dynamic Wealth Strategies LLC boosted its stake in Utilities Select Sector SPDR Fund by 29.3% during the 2nd quarter. Dynamic Wealth Strategies LLC now owns 15,767 shares of the exchange traded fund’s stock worth $715,000 after acquiring an additional 3,571 shares during the last quarter. Bravera Wealth grew its holdings in Utilities Select Sector SPDR Fund by 12.7% during the second quarter. Bravera Wealth now owns 48,965 shares of the exchange traded fund’s stock valued at $2,220,000 after purchasing an additional 5,537 shares during the period. Cape Investment Advisory Inc. bought a new stake in Utilities Select Sector SPDR Fund in the second quarter valued at approximately $53,000. Finally, RIA Advisory Group LLC raised its holdings in Utilities Select Sector SPDR Fund by 27.7% in the second quarter. RIA Advisory Group LLC now owns 14,532 shares of the exchange traded fund’s stock worth $659,000 after purchasing an additional 3,155 shares during the period. Institutional investors own 90.06% of the company’s stock.

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.