Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

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 $83.98 and traded as low as $83.16. Consumer Staples Select Sector SPDR Fund shares last traded at $84.13, with a volume of 9,634,460 shares trading hands.

Consumer Staples Select Sector SPDR Fund Stock Up 1.1%

The stock has a market cap of $14.27 billion, a PE ratio of 20.82 and a beta of 0.47. The company has a fifty day moving average price of $84.15 and a 200 day moving average price of $83.98.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

Several institutional investors and hedge funds have recently bought and sold shares of XLP. SouthState Bank Corp boosted its stake in shares of Consumer Staples Select Sector SPDR Fund by 6.8% during the fourth quarter. SouthState Bank Corp now owns 1,791 shares of the exchange traded fund’s stock valued at $139,000 after purchasing an additional 114 shares during the period. Windsor Capital Management LLC grew its holdings in shares of Consumer Staples Select Sector SPDR Fund by 1.0% in the second quarter. Windsor Capital Management LLC now owns 12,556 shares of the exchange traded fund’s stock worth $1,043,000 after purchasing an additional 123 shares during the last quarter. Steigerwald Gordon & Koch Inc. increased its stake in shares of Consumer Staples Select Sector SPDR Fund by 5.9% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 2,224 shares of the exchange traded fund’s stock worth $173,000 after buying an additional 124 shares during the period. Caldwell Trust Co increased its stake in shares of Consumer Staples Select Sector SPDR Fund by 7.7% in the first quarter. Caldwell Trust Co now owns 1,735 shares of the exchange traded fund’s stock worth $142,000 after buying an additional 124 shares during the period. Finally, Piscataqua Savings Bank raised its holdings in Consumer Staples Select Sector SPDR Fund by 47.3% during the 4th quarter. Piscataqua Savings Bank now owns 405 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 130 shares during 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. Under normal market conditions, the Fund generally invests substantially all, but at least 95%, of its total assets in the securities consisting of the Index.