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)’s stock price passed 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.

Industrial Select Sector SPDR Fund Stock Down 0.9 %

The company has a market cap of $19.13 billion, a P/E ratio of 25.68 and a beta of 1.10. The firm’s 50 day moving average is $135.99 and its two-hundred day moving average is $135.76.

Institutional Trading of Industrial Select Sector SPDR Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Sigma Planning Corp grew its holdings in Industrial Select Sector SPDR Fund by 41.0% during the 3rd quarter. Sigma Planning Corp now owns 44,857 shares of the exchange traded fund’s stock worth $6,075,000 after acquiring an additional 13,038 shares during the period. Stockman Wealth Management Inc. increased its holdings in Industrial Select Sector SPDR Fund by 4.5% in the third quarter. Stockman Wealth Management Inc. now owns 24,240 shares of the exchange traded fund’s stock worth $3,283,000 after purchasing an additional 1,039 shares in the last quarter. Guerra Pan Advisors LLC lifted its stake in Industrial Select Sector SPDR Fund by 4.3% in the third quarter. Guerra Pan Advisors LLC now owns 22,593 shares of the exchange traded fund’s stock valued at $3,060,000 after buying an additional 932 shares during the period. Objective Capital Management LLC bought a new position in shares of Industrial Select Sector SPDR Fund during the 3rd quarter worth approximately $2,261,000. Finally, Rovin Capital UT ADV grew its position in shares of Industrial Select Sector SPDR Fund by 1.9% during the 3rd quarter. Rovin Capital UT ADV now owns 10,472 shares of the exchange traded fund’s stock worth $1,418,000 after buying an additional 196 shares during the period.

Industrial Select Sector SPDR Fund Company Profile

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.