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

Health Care Select Sector SPDR Fund (NYSEARCA:XLV)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $148.08 and traded as low as $146.48. Health Care Select Sector SPDR Fund shares last traded at $146.52, with a volume of 9,671,625 shares trading hands.

Health Care Select Sector SPDR Fund Stock Down 0.7 %

The stock has a market cap of $39.65 billion, a price-to-earnings ratio of 23.82 and a beta of 0.55. The company has a 50 day simple moving average of $141.73 and a 200 day simple moving average of $148.08.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. raised 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 buying an additional 163 shares during the last quarter. CarsonAllaria Wealth Management Ltd. bought a new stake in Health Care Select Sector SPDR Fund during the 3rd quarter worth approximately $32,000. Legacy Investment Solutions LLC acquired a new position in Health Care Select Sector SPDR Fund in the 3rd quarter valued at approximately $32,000. Rosenberg Matthew Hamilton raised its stake in shares of Health Care Select Sector SPDR Fund by 147.3% during the fourth quarter. Rosenberg Matthew Hamilton now owns 277 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 165 shares during the last quarter. Finally, Hara Capital LLC acquired a new position in shares of Health Care Select Sector SPDR Fund during the third quarter worth $39,000.

Health Care Select Sector SPDR Fund Company Profile

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).