Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $149.07 and traded as low as $141.57. Health Care Select Sector SPDR Fund shares last traded at $141.85, with a volume of 14,245,237 shares trading hands.

Health Care Select Sector SPDR Fund Stock Performance

The business has a 50 day moving average of $151.84 and a 200-day moving average of $149.07. The company has a market capitalization of $38.39 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

Several hedge funds have recently bought and sold shares of the company. Rakuten Securities Inc. boosted its stake in Health Care Select Sector SPDR Fund by 8,150.0% during the third quarter. Rakuten Securities Inc. now owns 165 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 163 shares during the period. CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of Health Care Select Sector SPDR Fund in the 3rd quarter valued at about $32,000. Legacy Investment Solutions LLC bought a new stake in shares of Health Care Select Sector SPDR Fund during the 3rd quarter valued at about $32,000. Baldwin Brothers LLC MA grew its holdings in shares of Health Care Select Sector SPDR Fund by 140.0% during the second quarter. Baldwin Brothers LLC MA now owns 240 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 140 shares in the last quarter. Finally, Hara Capital LLC bought a new position in shares of Health Care Select Sector SPDR Fund in the third quarter worth approximately $39,000.

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).