Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Shares Cross Below 200 Day Moving Average – Here’s Why

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $80.72 and traded as low as $80.59. Consumer Staples Select Sector SPDR Fund shares last traded at $80.61, with a volume of 10,470,338 shares traded.

Consumer Staples Select Sector SPDR Fund Price Performance

The business’s 50-day moving average is $79.02 and its two-hundred day moving average is $80.73. The firm has a market cap of $15.36 billion, a P/E ratio of 25.58 and a beta of 0.45.

Institutional Trading of Consumer Staples Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Heritage Oak Wealth Advisors LLC bought a new position in Consumer Staples Select Sector SPDR Fund in the third quarter valued at approximately $791,000. Private Advisor Group LLC boosted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 9.1% in the 3rd quarter. Private Advisor Group LLC now owns 198,385 shares of the exchange traded fund’s stock valued at $16,466,000 after buying an additional 16,511 shares during the last quarter. Courier Capital LLC bought a new position in shares of Consumer Staples Select Sector SPDR Fund in the third quarter valued at $1,775,000. Axecap Investments LLC acquired a new position in Consumer Staples Select Sector SPDR Fund during the third quarter worth $673,000. Finally, Dupont Capital Management Corp acquired a new position in Consumer Staples Select Sector SPDR Fund during the third quarter worth $5,120,000.

About Consumer Staples Select Sector SPDR Fund

Consumer Staples Select Sector SPDR Fund (the Fund) seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Consumer Staples Select Sector Index (the Index).The Fund typically invests in substantially all of the securities represented in the Index in approximately the same proportions as the Index.