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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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 Stock Performance

The stock has a market cap of $16.16 billion, a PE ratio of 21.99 and a beta of 0.58. The firm’s 50-day moving average is $79.95 and its 200 day moving average is $80.89.

Institutional Investors Weigh In On Consumer Staples Select Sector SPDR Fund

Several institutional investors and hedge funds have recently made changes to their positions in XLP. Pathstone Holdings LLC lifted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 3.5% during the 3rd quarter. Pathstone Holdings LLC now owns 58,046 shares of the exchange traded fund’s stock worth $4,818,000 after acquiring an additional 1,947 shares during the period. Caprock Group LLC lifted its stake in Consumer Staples Select Sector SPDR Fund by 6.4% during the third quarter. Caprock Group LLC now owns 10,474 shares of the exchange traded fund’s stock worth $869,000 after purchasing an additional 629 shares during the last quarter. Prospera Financial Services Inc lifted its stake in Consumer Staples Select Sector SPDR Fund by 4.9% during the third quarter. Prospera Financial Services Inc now owns 11,590 shares of the exchange traded fund’s stock worth $962,000 after purchasing an additional 540 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Consumer Staples Select Sector SPDR Fund by 8.7% in the third quarter. PNC Financial Services Group Inc. now owns 189,131 shares of the exchange traded fund’s stock valued at $15,698,000 after buying an additional 15,080 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in Consumer Staples Select Sector SPDR Fund in the third quarter valued at $111,000.

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.