Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Stock Price 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 $81.03 and traded as low as $79.53. Consumer Staples Select Sector SPDR Fund shares last traded at $79.54, with a volume of 21,045,584 shares.

Consumer Staples Select Sector SPDR Fund Price Performance

The company’s fifty day simple moving average is $81.06 and its 200-day simple moving average is $81.03. The firm has a market capitalization of $15.82 billion, a PE ratio of 20.82 and a beta of 0.58.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. WealthShield Partners LLC purchased a new position in Consumer Staples Select Sector SPDR Fund during the first quarter worth approximately $26,000. Carderock Capital Management Inc. purchased a new position in Consumer Staples Select Sector SPDR Fund during the second quarter worth about $27,000. Carolina Wealth Advisors LLC acquired a new position in Consumer Staples Select Sector SPDR Fund in the 2nd quarter valued at about $30,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Consumer Staples Select Sector SPDR Fund in the 1st quarter valued at approximately $33,000. Finally, Traub Capital Management LLC purchased a new stake in shares of Consumer Staples Select Sector SPDR Fund in the 2nd quarter valued at approximately $34,000.

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.