Utilities Select Sector SPDR Fund (NYSEARCA:XLU) Shares Cross Below 200 Day Moving Average of $60.43

Utilities Select Sector SPDR Fund (NYSEARCA:XLU)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $60.43 and traded as low as $59.98. Utilities Select Sector SPDR Fund shares last traded at $60.83, with a volume of 12,113,764 shares trading hands.

The stock has a 50 day moving average price of $58.32 and a 200-day moving average price of $60.43.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Patriot Financial Group Insurance Agency LLC boosted its position in Utilities Select Sector SPDR Fund by 19.0% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,095 shares of the exchange traded fund’s stock worth $62,000 after acquiring an additional 175 shares during the last quarter. Coastal Investment Advisors Inc. raised its stake in Utilities Select Sector SPDR Fund by 5.3% during the first quarter. Coastal Investment Advisors Inc. now owns 3,640 shares of the exchange traded fund’s stock worth $202,000 after purchasing an additional 183 shares during the period. Compton Capital Management Inc. RI raised its stake in Utilities Select Sector SPDR Fund by 4.7% during the first quarter. Compton Capital Management Inc. RI now owns 4,500 shares of the exchange traded fund’s stock worth $249,000 after purchasing an additional 200 shares during the period. Haverford Trust Co. raised its stake in shares of Utilities Select Sector SPDR Fund by 1.5% in the 1st quarter. Haverford Trust Co. now owns 13,788 shares of the exchange traded fund’s stock valued at $764,000 after acquiring an additional 200 shares during the period. Finally, Peoples Financial Services CORP. raised its stake in shares of Utilities Select Sector SPDR Fund by 66.1% in the 1st quarter. Peoples Financial Services CORP. now owns 515 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 205 shares during the period.

About Utilities Select Sector SPDR Fund (NYSEARCA:XLU)

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.

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