Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Stock Passes Below Two Hundred 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 $82.41 and traded as low as $81.68. Consumer Staples Select Sector SPDR Fund shares last traded at $82.03, with a volume of 20,237,844 shares trading hands.

Consumer Staples Select Sector SPDR Fund Price Performance

The company has a market capitalization of $14.23 billion, a price-to-earnings ratio of 20.82 and a beta of 0.49. The stock has a 50-day moving average price of $83.03 and a 200-day moving average price of $82.41.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

Large investors have recently made changes to their positions in the company. Bank of Jackson Hole Trust bought a new position in shares of Consumer Staples Select Sector SPDR Fund during the fourth quarter worth approximately $25,000. Signature Resources Capital Management LLC increased its stake in shares of Consumer Staples Select Sector SPDR Fund by 325.0% during the fourth quarter. Signature Resources Capital Management LLC now owns 340 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 260 shares during the period. Pacifica Partners Inc. increased its stake in shares of Consumer Staples Select Sector SPDR Fund by 165.4% during the fourth quarter. Pacifica Partners Inc. now owns 345 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 215 shares during the period. Ankerstar Wealth LLC bought a new position in shares of Consumer Staples Select Sector SPDR Fund during the fourth quarter worth approximately $28,000. Finally, Piscataqua Savings Bank increased its stake in shares of Consumer Staples Select Sector SPDR Fund by 47.3% during the fourth quarter. Piscataqua Savings Bank now owns 405 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 130 shares during the period.

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. Under normal market conditions, the Fund generally invests substantially all, but at least 95%, of its total assets in the securities consisting of the Index.