Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $80.16 and traded as low as $77.21. Consumer Staples Select Sector SPDR Fund shares last traded at $77.90, with a volume of 22,214,533 shares traded.

Consumer Staples Select Sector SPDR Fund Stock Up 1.1%

The company has a 50-day moving average of $77.98 and a 200 day moving average of $80.16. The stock has a market capitalization of $15.82 billion, a PE ratio of 20.82 and a beta of 0.53.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in Consumer Staples Select Sector SPDR Fund by 0.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,424,211 shares of the exchange traded fund’s stock valued at $682,109,000 after acquiring an additional 45,153 shares during the last quarter. Two Sigma Investments LP grew its position in shares of Consumer Staples Select Sector SPDR Fund by 242.5% in the third quarter. Two Sigma Investments LP now owns 6,247,272 shares of the exchange traded fund’s stock valued at $489,599,000 after purchasing an additional 4,423,172 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Consumer Staples Select Sector SPDR Fund by 6.1% in the third quarter. Envestnet Asset Management Inc. now owns 5,114,772 shares of the exchange traded fund’s stock valued at $400,845,000 after purchasing an additional 292,776 shares during the last quarter. Raymond James Financial Inc. lifted its position in Consumer Staples Select Sector SPDR Fund by 6.6% during the third quarter. Raymond James Financial Inc. now owns 4,621,806 shares of the exchange traded fund’s stock worth $362,211,000 after buying an additional 287,101 shares in the last quarter. Finally, LPL Financial LLC lifted its position in Consumer Staples Select Sector SPDR Fund by 13.8% during the first quarter. LPL Financial LLC now owns 4,092,725 shares of the exchange traded fund’s stock worth $334,253,000 after buying an additional 497,719 shares in the last quarter.

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.