Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Stock Crosses Below 200-Day Moving Average of $72.87

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $72.87 and traded as low as $68.75. Consumer Staples Select Sector SPDR Fund shares last traded at $68.75, with a volume of 17,198,328 shares traded.

Consumer Staples Select Sector SPDR Fund Stock Performance

The stock has a market capitalization of $16.51 billion, a price-to-earnings ratio of 19.80 and a beta of 0.58. The company has a 50-day moving average of $69.44 and a 200-day moving average of $72.87.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Worth Asset Management LLC purchased a new stake in Consumer Staples Select Sector SPDR Fund during the 1st quarter worth $43,000. Laurel Wealth Advisors Inc. boosted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 0.4% in the first quarter. Laurel Wealth Advisors Inc. now owns 66,604 shares of the exchange traded fund’s stock valued at $5,055,000 after acquiring an additional 294 shares in the last quarter. Beaumont Capital Management LLC boosted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 4.4% in the first quarter. Beaumont Capital Management LLC now owns 92,310 shares of the exchange traded fund’s stock valued at $7,005,000 after acquiring an additional 3,896 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Consumer Staples Select Sector SPDR Fund by 665.1% during the first quarter. Prudential Financial Inc. now owns 1,298,437 shares of the exchange traded fund’s stock worth $98,538,000 after buying an additional 1,128,727 shares in the last quarter. Finally, Equitable Holdings Inc. boosted its holdings in Consumer Staples Select Sector SPDR Fund by 33.8% during the first quarter. Equitable Holdings Inc. now owns 83,616 shares of the exchange traded fund’s stock worth $6,346,000 after buying an additional 21,112 shares in 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.