Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $146.29 and traded as low as $142.19. Health Care Select Sector SPDR Fund shares last traded at $144.30, with a volume of 6,385,896 shares trading hands.

Health Care Select Sector SPDR Fund Price Performance

The business’s fifty day moving average price is $146.31 and its 200 day moving average price is $146.12. The stock has a market cap of $35.72 billion, a P/E ratio of 29.15 and a beta of 0.71.

Health Care Select Sector SPDR Fund Cuts Dividend

The company also recently declared 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 was Monday, March 24th.

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 XLV. Hamilton Point Investment Advisors LLC boosted its holdings in Health Care Select Sector SPDR Fund by 6.4% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $165,000 after acquiring an additional 72 shares during the last quarter. Delta Financial Group Inc. boosted its stake in shares of Health Care Select Sector SPDR Fund by 2.0% in the 4th quarter. Delta Financial Group Inc. now owns 3,789 shares of the exchange traded fund’s stock valued at $521,000 after purchasing an additional 74 shares during the last quarter. Successful Portfolios LLC boosted its stake in shares of Health Care Select Sector SPDR Fund by 3.8% in the 4th quarter. Successful Portfolios LLC now owns 2,042 shares of the exchange traded fund’s stock valued at $281,000 after purchasing an additional 75 shares during the last quarter. Choreo LLC increased its position in shares of Health Care Select Sector SPDR Fund by 0.8% during the fourth quarter. Choreo LLC now owns 10,530 shares of the exchange traded fund’s stock worth $1,447,000 after buying an additional 82 shares during the period. Finally, Firestone Capital Management raised its stake in Health Care Select Sector SPDR Fund by 4.6% during the fourth quarter. Firestone Capital Management now owns 1,899 shares of the exchange traded fund’s stock worth $261,000 after buying an additional 84 shares during 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).