Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $83.98 and traded as low as $83.16. Consumer Staples Select Sector SPDR Fund shares last traded at $84.13, with a volume of 9,634,460 shares trading hands.

Consumer Staples Select Sector SPDR Fund Price Performance

The stock has a market capitalization of $14.27 billion, a P/E ratio of 20.82 and a beta of 0.47. The firm’s 50 day moving average price is $84.15 and its 200 day moving average price is $83.98.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Eastern Bank raised its position in Consumer Staples Select Sector SPDR Fund by 554.3% during the 2nd quarter. Eastern Bank now owns 301 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 255 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Consumer Staples Select Sector SPDR Fund in the 4th 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 valued at $26,000 after buying an additional 260 shares during the period. Ankerstar Wealth LLC purchased a new position in shares of Consumer Staples Select Sector SPDR Fund during the fourth quarter valued at approximately $28,000. Finally, Piscataqua Savings Bank raised its holdings 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 valued at $31,000 after acquiring an additional 130 shares in 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. 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.