Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $147.95 and traded as low as $145.44. Health Care Select Sector SPDR Fund shares last traded at $146.03, with a volume of 6,634,847 shares changing hands.

Health Care Select Sector SPDR Fund Trading Down 0.2 %

The company has a market capitalization of $39.52 billion, a price-to-earnings ratio of 23.82 and a beta of 0.55. The firm’s 50 day simple moving average is $142.07 and its 200-day simple moving average is $147.95.

Institutional Investors Weigh In On Health Care Select Sector SPDR Fund

Several institutional investors have recently made changes to their positions in the stock. LPL Financial LLC raised its stake in Health Care Select Sector SPDR Fund by 1.1% in the 4th quarter. LPL Financial LLC now owns 6,743,466 shares of the exchange traded fund’s stock valued at $927,699,000 after purchasing an additional 71,595 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Health Care Select Sector SPDR Fund during the 4th quarter worth approximately $828,123,000. Janney Montgomery Scott LLC increased its position in Health Care Select Sector SPDR Fund by 8.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,433,937 shares of the exchange traded fund’s stock worth $472,407,000 after purchasing an additional 259,687 shares in the last quarter. Truist Financial Corp increased its position in Health Care Select Sector SPDR Fund by 9.6% during the 4th quarter. Truist Financial Corp now owns 3,093,349 shares of the exchange traded fund’s stock worth $425,552,000 after purchasing an additional 271,779 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Health Care Select Sector SPDR Fund by 3.0% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,909,369 shares of the exchange traded fund’s stock worth $448,101,000 after acquiring an additional 85,754 shares during the period.

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).