Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Shares Cross Below 200-Day Moving Average of $101.00

Industrial Select Sector SPDR Fund (NYSEARCA:XLIGet Rating) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $101.00 and traded as low as $92.33. Industrial Select Sector SPDR Fund shares last traded at $93.55, with a volume of 8,028,126 shares changing hands.

The firm has a 50-day moving average of $97.76 and a 200-day moving average of $100.92.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised its stake in shares of Industrial Select Sector SPDR Fund by 194.1% in the fourth quarter. Sound Income Strategies LLC now owns 250 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 165 shares during the last quarter. Rinkey Investments bought a new position in shares of Industrial Select Sector SPDR Fund in the fourth quarter worth about $27,000. Crewe Advisors LLC purchased a new stake in shares of Industrial Select Sector SPDR Fund in the fourth quarter worth about $28,000. Armor Investment Advisors LLC purchased a new stake in shares of Industrial Select Sector SPDR Fund in the first quarter worth about $29,000. Finally, Bell Investment Advisors Inc purchased a new stake in Industrial Select Sector SPDR Fund during the third quarter valued at approximately $30,000.

About Industrial Select Sector SPDR Fund (NYSEARCA:XLI)

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.

Recommended Stories

Receive News & Ratings for Industrial Select Sector SPDR Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Industrial Select Sector SPDR Fund and related companies with MarketBeat.com's FREE daily email newsletter.