Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Stock Passes Below 200-Day Moving Average of $73.10

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP – Get Rating)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $73.10 and traded as low as $71.44. Consumer Staples Select Sector SPDR Fund shares last traded at $72.48, with a volume of 9,872,211 shares trading hands.

Consumer Staples Select Sector SPDR Fund Price Performance

The stock has a market cap of $16.59 billion, a PE ratio of 19.80 and a beta of 0.60. The stock has a 50-day moving average price of $73.72 and a two-hundred day moving average price of $73.10.

Institutional Trading of Consumer Staples Select Sector SPDR Fund

Several institutional investors and hedge funds have recently modified their holdings of XLP. Moneta Group Investment Advisors LLC increased its holdings in shares of Consumer Staples Select Sector SPDR Fund by 95,694.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,019,517 shares of the exchange traded fund’s stock valued at $299,655,000 after purchasing an additional 4,015,321 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Consumer Staples Select Sector SPDR Fund by 319.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,158,967 shares of the exchange traded fund’s stock valued at $277,528,000 after acquiring an additional 3,166,718 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Consumer Staples Select Sector SPDR Fund by 367.1% during the 3rd quarter. Truist Financial Corp now owns 3,224,394 shares of the exchange traded fund’s stock worth $215,163,000 after purchasing an additional 2,534,021 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Consumer Staples Select Sector SPDR Fund by 873.3% in the third quarter. Janney Montgomery Scott LLC now owns 2,712,749 shares of the exchange traded fund’s stock valued at $181,022,000 after buying an additional 2,434,045 shares in the last quarter. Finally, Raymond James & Associates increased its position in shares of Consumer Staples Select Sector SPDR Fund by 290.2% during the third quarter. Raymond James & Associates now owns 3,091,635 shares of the exchange traded fund’s stock worth $206,306,000 after acquiring an additional 2,299,337 shares during the period.

About Consumer Staples Select Sector SPDR Fund

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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.