Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Share Price Passes Below 200-Day Moving Average of $72.51

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $72.51 and traded as low as $68.87. Consumer Staples Select Sector SPDR Fund shares last traded at $69.20, with a volume of 8,540,806 shares changing hands.

Consumer Staples Select Sector SPDR Fund Price Performance

The stock has a market capitalization of $16.62 billion, a PE ratio of 19.80 and a beta of 0.58. The business’s fifty day moving average price is $68.99 and its two-hundred day moving average price is $72.51.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XLP. Mach 1 Financial Group LLC acquired a new position in shares of Consumer Staples Select Sector SPDR Fund in the first quarter worth about $12,188,000. Resurgent Financial Advisors LLC acquired a new position in shares of Consumer Staples Select Sector SPDR Fund during the 4th quarter worth about $25,000. New Republic Capital LLC acquired a new position in shares of Consumer Staples Select Sector SPDR Fund during the 2nd quarter worth about $26,000. Sheets Smith Wealth Management acquired a new position in shares of Consumer Staples Select Sector SPDR Fund during the 3rd quarter worth about $25,000. Finally, Carolinas Wealth Consulting LLC raised its position in shares of Consumer Staples Select Sector SPDR Fund by 57.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 380 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 138 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.