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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $84.11 and traded as low as $83.00. Consumer Staples Select Sector SPDR Fund shares last traded at $83.49, with a volume of 7,610,776 shares traded.

Consumer Staples Select Sector SPDR Fund Price Performance

The business has a fifty day moving average price of $84.93 and a two-hundred day moving average price of $84.10. The firm has a market capitalization of $14.49 billion, a price-to-earnings ratio of 20.82 and a beta of 0.47.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently bought and sold shares of XLP. SPX Gestao de Recursos Ltda acquired a new stake in Consumer Staples Select Sector SPDR Fund in the 1st quarter worth about $120,192,000. Bank of America Corp DE raised its holdings in shares of Consumer Staples Select Sector SPDR Fund by 5.4% during the first quarter. Bank of America Corp DE now owns 24,702,456 shares of the exchange traded fund’s stock valued at $2,025,107,000 after acquiring an additional 1,275,550 shares during the last quarter. Cullen Capital Management LLC lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 6,016.5% in the fourth quarter. Cullen Capital Management LLC now owns 461,242 shares of the exchange traded fund’s stock valued at $35,829,000 after acquiring an additional 453,701 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 349.6% in the first quarter. Renaissance Technologies LLC now owns 500,000 shares of the exchange traded fund’s stock valued at $40,990,000 after acquiring an additional 388,800 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Consumer Staples Select Sector SPDR Fund by 4,005.3% in the second quarter. TD Waterhouse Canada Inc. now owns 368,205 shares of the exchange traded fund’s stock worth $30,587,000 after acquiring an additional 359,236 shares during the last quarter.

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.