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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $80.59 and traded as low as $76.16. Consumer Staples Select Sector SPDR Fund shares last traded at $77.55, with a volume of 45,113,403 shares trading hands.

Consumer Staples Select Sector SPDR Fund Trading Down 1.2 %

The firm’s fifty day moving average is $80.64 and its 200-day moving average is $80.59. The stock has a market capitalization of $15.89 billion, a PE ratio of 22.54 and a beta of 0.59.

Consumer Staples Select Sector SPDR Fund Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were issued a $0.4182 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in XLP. JPMorgan Chase & Co. increased its stake in Consumer Staples Select Sector SPDR Fund by 17.5% in the fourth quarter. JPMorgan Chase & Co. now owns 7,477,983 shares of the exchange traded fund’s stock valued at $587,844,000 after purchasing an additional 1,114,162 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Consumer Staples Select Sector SPDR Fund by 6.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 4,814,805 shares of the exchange traded fund’s stock worth $378,492,000 after purchasing an additional 289,145 shares during the last quarter. Menora Mivtachim Holdings LTD. raised its position in shares of Consumer Staples Select Sector SPDR Fund by 68.9% during the 4th quarter. Menora Mivtachim Holdings LTD. now owns 4,648,202 shares of the exchange traded fund’s stock valued at $365,395,000 after acquiring an additional 1,896,073 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Consumer Staples Select Sector SPDR Fund in the 4th quarter valued at about $357,593,000. Finally, Ameriprise Financial Inc. increased its position in Consumer Staples Select Sector SPDR Fund by 11.6% in the fourth quarter. Ameriprise Financial Inc. now owns 4,073,440 shares of the exchange traded fund’s stock worth $320,243,000 after buying an additional 424,768 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.