Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Stock Passes Below 200-Day Moving Average – What’s Next?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $148.55 and traded as low as $137.12. Health Care Select Sector SPDR Fund shares last traded at $137.61, with a volume of 8,972,816 shares changing hands.

Health Care Select Sector SPDR Fund Stock Up 1.0 %

The firm has a market cap of $37.61 billion, a P/E ratio of 23.82 and a beta of 0.55. The firm’s 50-day simple moving average is $143.54 and its 200 day simple moving average is $148.50.

Institutional Investors Weigh In On Health Care Select Sector SPDR Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rakuten Securities Inc. boosted its holdings in Health Care Select Sector SPDR Fund by 8,150.0% in the 3rd quarter. Rakuten Securities Inc. now owns 165 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 163 shares during the period. CarsonAllaria Wealth Management Ltd. purchased a new position in Health Care Select Sector SPDR Fund during the third quarter worth about $32,000. Legacy Investment Solutions LLC bought a new position in Health Care Select Sector SPDR Fund in the 3rd quarter worth about $32,000. Hara Capital LLC purchased a new stake in shares of Health Care Select Sector SPDR Fund in the 3rd quarter valued at about $39,000. Finally, Richardson Financial Services Inc. boosted its position in shares of Health Care Select Sector SPDR Fund by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 284 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 142 shares during the last quarter.

About Health Care Select Sector SPDR Fund

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).