Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $80.89 and traded as low as $79.24. Consumer Staples Select Sector SPDR Fund shares last traded at $79.36, with a volume of 10,831,419 shares.

Consumer Staples Select Sector SPDR Fund Trading Down 0.0 %

The company has a market cap of $16.15 billion, a P/E ratio of 21.99 and a beta of 0.58. The business’s 50 day simple moving average is $80.01 and its 200 day simple moving average is $80.86.

Institutional Investors Weigh In On Consumer Staples Select Sector SPDR Fund

A number of institutional investors have recently bought and sold shares of XLP. Flagship Wealth Advisors LLC purchased a new stake in Consumer Staples Select Sector SPDR Fund in the 4th quarter worth $31,000. Synergy Asset Management LLC purchased a new position in shares of Consumer Staples Select Sector SPDR Fund during the 4th quarter worth about $33,000. Horizon Bancorp Inc. IN bought a new position in shares of Consumer Staples Select Sector SPDR Fund during the fourth quarter valued at approximately $35,000. EverSource Wealth Advisors LLC grew its position in Consumer Staples Select Sector SPDR Fund by 52.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 520 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 180 shares during the last quarter. Finally, Friedenthal Financial increased its stake in Consumer Staples Select Sector SPDR Fund by 191.1% in the 4th quarter. Friedenthal Financial now owns 559 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 367 shares during the period.

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.