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

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) 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.

Health Care Select Sector SPDR Fund Trading Down 1.8 %

The company has a market capitalization of $38.39 billion, a PE ratio of 23.82 and a beta of 0.55. The stock’s fifty day moving average is $151.84 and its two-hundred day moving average is $149.07.

Institutional Investors Weigh In On Health Care Select Sector SPDR Fund

Several large investors have recently modified their holdings of the stock. LPL Financial LLC raised its stake in Health Care Select Sector SPDR Fund by 10.1% in the 3rd quarter. LPL Financial LLC now owns 6,671,871 shares of the exchange traded fund’s stock valued at $1,027,602,000 after acquiring an additional 611,534 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Health Care Select Sector SPDR Fund in the third quarter worth about $488,898,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Health Care Select Sector SPDR Fund by 3.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,909,369 shares of the exchange traded fund’s stock valued at $448,101,000 after purchasing an additional 85,754 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Health Care Select Sector SPDR Fund by 94.6% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,180,000 shares of the exchange traded fund’s stock valued at $335,764,000 after purchasing an additional 1,060,000 shares during the period. Finally, Meitav Investment House Ltd. lifted its stake in shares of Health Care Select Sector SPDR Fund by 18.2% during the 3rd quarter. Meitav Investment House Ltd. now owns 1,944,071 shares of the exchange traded fund’s stock valued at $299,487,000 after buying an additional 299,448 shares in 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).