Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Utilities Select Sector SPDR Fund (NYSEARCA:XLU)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $78.78 and traded as low as $78.10. Utilities Select Sector SPDR Fund shares last traded at $78.17, with a volume of 6,995,376 shares.

Utilities Select Sector SPDR Fund Trading Up 0.7 %

The stock has a market cap of $17.41 billion, a P/E ratio of 20.43 and a beta of 0.60. The company’s 50-day simple moving average is $78.54 and its 200 day simple moving average is $78.78.

Utilities Select Sector SPDR Fund Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th will be given a dividend of $0.555 per share. The ex-dividend date is Monday, March 24th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. ABLE Financial Group LLC boosted its position in shares of Utilities Select Sector SPDR Fund by 2.9% in the fourth quarter. ABLE Financial Group LLC now owns 4,523 shares of the exchange traded fund’s stock valued at $342,000 after acquiring an additional 129 shares during the period. Silverlake Wealth Management LLC boosted its holdings in Utilities Select Sector SPDR Fund by 1.2% in the 4th quarter. Silverlake Wealth Management LLC now owns 10,919 shares of the exchange traded fund’s stock valued at $826,000 after purchasing an additional 133 shares during the period. Capital Advisors Ltd. LLC grew its position in shares of Utilities Select Sector SPDR Fund by 1.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 12,166 shares of the exchange traded fund’s stock valued at $921,000 after purchasing an additional 133 shares in the last quarter. Lodestone Wealth Management LLC increased its holdings in shares of Utilities Select Sector SPDR Fund by 4.3% in the fourth quarter. Lodestone Wealth Management LLC now owns 3,274 shares of the exchange traded fund’s stock worth $248,000 after purchasing an additional 135 shares during the period. Finally, Peak Financial Advisors LLC boosted its stake in Utilities Select Sector SPDR Fund by 0.6% during the fourth quarter. Peak Financial Advisors LLC now owns 21,247 shares of the exchange traded fund’s stock valued at $1,608,000 after buying an additional 136 shares during the period.

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.