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

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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.

Health Care Select Sector SPDR Fund Trading Up 0.7 %

The stock has a market cap of $40.35 billion, a price-to-earnings ratio of 23.82 and a beta of 0.55. The stock’s 50-day moving average is $152.86 and its 200-day moving average is $148.81.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. boosted its holdings in Health Care Select Sector SPDR Fund by 53.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 91,854 shares of the exchange traded fund’s stock worth $13,570,000 after acquiring an additional 31,879 shares during the period. Empowered Funds LLC acquired a new stake in Health Care Select Sector SPDR Fund during the 1st quarter valued at $8,154,000. Highland Capital Management LLC increased its stake in Health Care Select Sector SPDR Fund by 22.9% during the 1st quarter. Highland Capital Management LLC now owns 12,605 shares of the exchange traded fund’s stock worth $1,862,000 after buying an additional 2,350 shares during the period. Susquehanna International Group Ltd. purchased a new stake in Health Care Select Sector SPDR Fund during the 1st quarter worth $2,978,000. Finally, Atomi Financial Group Inc. boosted its position in Health Care Select Sector SPDR Fund by 95.4% in the 1st quarter. Atomi Financial Group Inc. now owns 8,423 shares of the exchange traded fund’s stock valued at $1,244,000 after buying an additional 4,113 shares during 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).