Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Stock Price Breaks Below 200 Day Moving Average – Time to Sell?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI – Get Free Report)’s share price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $175.42 and traded as low as $164.77. Industrial Select Sector SPDR Fund shares last traded at $166.73, with a volume of 10,754,795 shares trading hands.

Industrial Select Sector SPDR Fund Stock Down 0.9%

The stock has a market cap of $30.26 billion, a PE ratio of 24.30 and a beta of 0.98. The business has a 50 day moving average price of $172.45 and a 200 day moving average price of $175.42.

Institutional Trading of Industrial Select Sector SPDR Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of Industrial Select Sector SPDR Fund by 4.1% in the 1st quarter. Bank of America Corp DE now owns 12,326,564 shares of the exchange traded fund’s stock valued at $1,993,575,000 after buying an additional 491,019 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Industrial Select Sector SPDR Fund by 3,790.3% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,931,874 shares of the exchange traded fund’s stock worth $474,164,000 after purchasing an additional 2,856,510 shares during the period. Meitav Investment House Ltd. raised its holdings in shares of Industrial Select Sector SPDR Fund by 85.2% in the 1st quarter. Meitav Investment House Ltd. now owns 1,330,667 shares of the exchange traded fund’s stock valued at $215,209,000 after buying an additional 612,118 shares during the period. State Street Corp boosted its holdings in Industrial Select Sector SPDR Fund by 44.8% during the 2nd quarter. State Street Corp now owns 1,099,118 shares of the exchange traded fund’s stock valued at $203,590,000 after acquiring an additional 339,904 shares during the period. Finally, Renaissance Technologies LLC grew its position in Industrial Select Sector SPDR Fund by 534.6% in the 1st quarter. Renaissance Technologies LLC now owns 674,600 shares of the exchange traded fund’s stock valued at $109,103,000 after acquiring an additional 568,300 shares in the last quarter.

About Industrial Select Sector SPDR Fund

(Get Free Report)

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.

See Also

Receive News & Ratings for Industrial Select Sector SPDR Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Industrial Select Sector SPDR Fund and related companies with MarketBeat.com's FREE daily email newsletter.