Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of Health Care Select Sector SPDR Fund (NYSEARCA:XLV) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $148.81 and traded as low as $148.21. Health Care Select Sector SPDR Fund shares last traded at $149.11, with a volume of 9,360,752 shares trading hands.

Health Care Select Sector SPDR Fund Stock Performance

The firm’s fifty day simple moving average is $152.58 and its 200-day simple moving average is $148.89. The stock has a market cap of $40.64 billion, a P/E ratio of 23.82 and a beta of 0.55.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in Health Care Select Sector SPDR Fund during the first quarter worth about $696,000. Avantax Advisory Services Inc. increased its holdings in shares of Health Care Select Sector SPDR Fund by 10.5% in the first quarter. Avantax Advisory Services Inc. now owns 227,397 shares of the exchange traded fund’s stock worth $33,593,000 after purchasing an additional 21,691 shares during the period. Choate Investment Advisors raised its holdings in shares of Health Care Select Sector SPDR Fund by 1.4% in the 1st quarter. Choate Investment Advisors now owns 32,645 shares of the exchange traded fund’s stock valued at $4,823,000 after acquiring an additional 455 shares in the last quarter. Meeder Asset Management Inc. grew its stake in Health Care Select Sector SPDR Fund by 9.7% in the 1st quarter. Meeder Asset Management Inc. now owns 23,433 shares of the exchange traded fund’s stock worth $3,462,000 after buying an additional 2,066 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its position in Health Care Select Sector SPDR Fund by 95.4% in the first quarter. Atomi Financial Group Inc. now owns 8,423 shares of the exchange traded fund’s stock worth $1,244,000 after acquiring an additional 4,113 shares in the last quarter.

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).