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 crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $146.69 and traded as low as $144.35. Health Care Select Sector SPDR Fund shares last traded at $145.27, with a volume of 6,501,121 shares.

Health Care Select Sector SPDR Fund Stock Up 0.2 %

The business’s 50-day moving average is $146.25 and its 200-day moving average is $146.67. The company has a market capitalization of $38.27 billion, a price-to-earnings ratio of 29.25 and a beta of 0.68.

Health Care Select Sector SPDR Fund Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were paid a dividend of $0.5645 per share. The ex-dividend date of this dividend was Monday, March 24th.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Large investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Health Care Select Sector SPDR Fund in the 4th quarter valued at about $828,123,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in Health Care Select Sector SPDR Fund during the 4th quarter worth about $472,282,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in 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. Two Sigma Investments LP grew its holdings in Health Care Select Sector SPDR Fund by 56.9% during the 4th quarter. Two Sigma Investments LP now owns 2,371,357 shares of the exchange traded fund’s stock worth $326,228,000 after acquiring an additional 860,157 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its position in shares of Health Care Select Sector SPDR Fund by 19,033.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 644,024 shares of the exchange traded fund’s stock worth $88,598,000 after acquiring an additional 640,658 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).