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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $80.53 and traded as low as $79.18. Consumer Staples Select Sector SPDR Fund shares last traded at $79.73, with a volume of 8,191,878 shares trading hands.

Consumer Staples Select Sector SPDR Fund Stock Performance

The stock has a market cap of $15.01 billion, a price-to-earnings ratio of 25.58 and a beta of 0.45. The company’s 50 day simple moving average is $79.72 and its two-hundred day simple moving average is $80.53.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new stake in shares of Consumer Staples Select Sector SPDR Fund during the 2nd quarter worth about $13,898,000. Anchor Investment Management LLC increased its stake in shares of Consumer Staples Select Sector SPDR Fund by 14.4% in the second quarter. Anchor Investment Management LLC now owns 1,494 shares of the exchange traded fund’s stock worth $114,000 after purchasing an additional 188 shares during the period. Centaurus Financial Inc. increased its position in Consumer Staples Select Sector SPDR Fund by 3.4% in the 2nd quarter. Centaurus Financial Inc. now owns 16,251 shares of the exchange traded fund’s stock worth $1,244,000 after buying an additional 537 shares during the period. Appleton Partners Inc. MA lifted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 5.4% during the third quarter. Appleton Partners Inc. MA now owns 3,442 shares of the exchange traded fund’s stock worth $286,000 after buying an additional 176 shares during the last quarter. Finally, LifePlan Financial LLC boosted its position in shares of Consumer Staples Select Sector SPDR Fund by 1.8% in the third quarter. LifePlan Financial LLC now owns 94,702 shares of the exchange traded fund’s stock valued at $7,860,000 after acquiring an additional 1,706 shares during the period.

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.