Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $80.84 and traded as low as $80.51. Consumer Staples Select Sector SPDR Fund shares last traded at $81.51, with a volume of 17,611,716 shares.

Consumer Staples Select Sector SPDR Fund Stock Performance

The company’s 50 day moving average price is $85.43 and its 200-day moving average price is $80.84. The stock has a market cap of $15.77 billion, a P/E ratio of 20.82 and a beta of 0.53.

Consumer Staples Select Sector SPDR Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Monday, March 23rd were given a dividend of $0.4549 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.82 annualized dividend and a dividend yield of 2.2%.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

Institutional investors have recently modified their holdings of the business. Bank of Jackson Hole Trust purchased a new position in Consumer Staples Select Sector SPDR Fund in the fourth quarter worth $25,000. Signature Resources Capital Management LLC raised its stake in shares of Consumer Staples Select Sector SPDR Fund by 325.0% during the 4th quarter. Signature Resources Capital Management LLC now owns 340 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 260 shares during the period. Pacifica Partners Inc. boosted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 165.4% in the 4th quarter. Pacifica Partners Inc. now owns 345 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 215 shares during the last quarter. Ankerstar Wealth LLC bought a new position in Consumer Staples Select Sector SPDR Fund during the fourth quarter valued at about $28,000. Finally, Piscataqua Savings Bank increased its holdings in Consumer Staples Select Sector SPDR Fund by 47.3% during the fourth quarter. Piscataqua Savings Bank now owns 405 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 130 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. 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.