Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $135.76 and traded as low as $131.74. Industrial Select Sector SPDR Fund shares last traded at $132.70, with a volume of 12,029,078 shares trading hands.

Industrial Select Sector SPDR Fund Trading Down 0.9 %

The business has a 50-day moving average of $135.99 and a 200 day moving average of $135.76. The firm has a market capitalization of $19.13 billion, a P/E ratio of 25.68 and a beta of 1.10.

Hedge Funds Weigh In On Industrial Select Sector SPDR Fund

A number of institutional investors have recently modified their holdings of XLI. Gold Investment Management Ltd. raised its holdings in Industrial Select Sector SPDR Fund by 1.2% during the third quarter. Gold Investment Management Ltd. now owns 6,248 shares of the exchange traded fund’s stock worth $843,000 after buying an additional 75 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Industrial Select Sector SPDR Fund by 0.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 23,487 shares of the exchange traded fund’s stock worth $3,095,000 after acquiring an additional 76 shares in the last quarter. McIlrath & Eck LLC raised its holdings in shares of Industrial Select Sector SPDR Fund by 40.0% in the 4th quarter. McIlrath & Eck LLC now owns 266 shares of the exchange traded fund’s stock worth $35,000 after acquiring an additional 76 shares during the last quarter. Destiny Wealth Partners LLC lifted its position in Industrial Select Sector SPDR Fund by 2.9% in the 4th quarter. Destiny Wealth Partners LLC now owns 2,735 shares of the exchange traded fund’s stock valued at $360,000 after acquiring an additional 77 shares in the last quarter. Finally, Jacobi Capital Management LLC lifted its position in Industrial Select Sector SPDR Fund by 0.5% in the 4th quarter. Jacobi Capital Management LLC now owns 15,286 shares of the exchange traded fund’s stock valued at $2,014,000 after acquiring an additional 77 shares in the last quarter.

About Industrial Select Sector SPDR Fund

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.