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

Shares of Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $80.68 and traded as low as $76.47. Consumer Staples Select Sector SPDR Fund shares last traded at $76.50, with a volume of 17,362,965 shares.

Consumer Staples Select Sector SPDR Fund Trading Down 0.1%

The stock’s 50 day moving average price is $79.26 and its 200 day moving average price is $80.68. The company has a market capitalization of $15.74 billion, a price-to-earnings ratio of 20.82 and a beta of 0.53.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

A number of large investors have recently modified their holdings of XLP. WealthShield Partners LLC acquired a new position in shares of Consumer Staples Select Sector SPDR Fund during the 1st quarter worth about $26,000. Carderock Capital Management Inc. acquired a new position in shares of Consumer Staples Select Sector SPDR Fund during the 2nd quarter worth about $27,000. Carolina Wealth Advisors LLC acquired a new position in shares of Consumer Staples Select Sector SPDR Fund during the 2nd quarter worth about $30,000. Traub Capital Management LLC acquired a new stake in Consumer Staples Select Sector SPDR Fund in the 2nd quarter valued at about $34,000. Finally, Millstone Evans Group LLC lifted its stake in Consumer Staples Select Sector SPDR Fund by 557.4% in the 1st quarter. Millstone Evans Group LLC now owns 447 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 379 shares during the last quarter.

Consumer Staples Select Sector SPDR Fund Company Profile

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.