Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $80.75 and traded as low as $80.11. Consumer Staples Select Sector SPDR Fund shares last traded at $80.41, with a volume of 12,486,368 shares changing hands.

Consumer Staples Select Sector SPDR Fund Price Performance

The stock has a market capitalization of $16.37 billion, a P/E ratio of 21.99 and a beta of 0.58. The firm has a 50-day simple moving average of $80.33 and a 200 day simple moving average of $80.75.

Consumer Staples Select Sector SPDR Fund Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were paid a $0.4182 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Trading of Consumer Staples Select Sector SPDR Fund

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Consumer Staples Select Sector SPDR Fund in the 4th quarter worth $357,593,000. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Consumer Staples Select Sector SPDR Fund in the fourth quarter valued at $309,532,000. State Street Corp grew its holdings in shares of Consumer Staples Select Sector SPDR Fund by 826.7% during the third quarter. State Street Corp now owns 2,462,344 shares of the exchange traded fund’s stock valued at $204,375,000 after buying an additional 2,196,639 shares during the last quarter. Menora Mivtachim Holdings LTD. increased its position in shares of Consumer Staples Select Sector SPDR Fund by 68.9% during the fourth quarter. Menora Mivtachim Holdings LTD. now owns 4,648,202 shares of the exchange traded fund’s stock worth $365,395,000 after acquiring an additional 1,896,073 shares in the last quarter. Finally, Maven Securities LTD raised its holdings in shares of Consumer Staples Select Sector SPDR Fund by 104.1% in the 3rd quarter. Maven Securities LTD now owns 64,965 shares of the exchange traded fund’s stock worth $5,392,000 after acquiring an additional 1,631,901 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.