SPDR S&P Retail ETF (NYSEARCA:XRT) Shares Cross Below Fifty Day Moving Average of $42.04

SPDR S&P Retail ETF (NYSEARCA:XRT)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $42.04 and traded as low as $41.63. SPDR S&P Retail ETF shares last traded at $41.89, with a volume of 125,496 shares.

The firm has a fifty day simple moving average of $41.95.

Hedge funds have recently added to or reduced their stakes in the company. SSI Investment Management Inc. purchased a new position in shares of SPDR S&P Retail ETF in the 1st quarter worth $214,000. Graves Light Private Wealth Management Inc. boosted its stake in shares of SPDR S&P Retail ETF by 23.1% in the 1st quarter. Graves Light Private Wealth Management Inc. now owns 32,862 shares of the exchange traded fund’s stock worth $1,479,000 after buying an additional 6,164 shares during the last quarter. Deutsche Bank AG purchased a new position in shares of SPDR S&P Retail ETF in the 4th quarter worth $94,996,000. QVR LLC purchased a new position in shares of SPDR S&P Retail ETF in the 1st quarter worth $3,275,000. Finally, Arlington Capital Management Inc. purchased a new position in shares of SPDR S&P Retail ETF in the 4th quarter worth $7,071,000.

SPDR S&P Retail ETF Company Profile (NYSEARCA:XRT)

SPDR S&P Retail ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Retail Select Industry Index (the Index). The Index is an equal weighted market cap index. The Index represents the retail sub-industry portion of the S&P Total Market Index. The Fund invests in industries, such as apparel retail, automotive retail, food retail, department stores, Internet retail, general merchandise stores, drug retail, and hypermarkets and super centers.

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