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

Shares of Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $80.48 and traded as low as $78.16. Consumer Staples Select Sector SPDR Fund shares last traded at $78.61, with a volume of 6,125,505 shares changing hands.

Consumer Staples Select Sector SPDR Fund Price Performance

The company has a market cap of $14.80 billion, a P/E ratio of 25.58 and a beta of 0.45. The firm’s 50-day moving average is $80.94 and its two-hundred day moving average is $80.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jaffetilchin Investment Partners LLC boosted its stake in Consumer Staples Select Sector SPDR Fund by 2.2% during the third quarter. Jaffetilchin Investment Partners LLC now owns 5,917 shares of the exchange traded fund’s stock worth $491,000 after buying an additional 129 shares during the period. CMG Global Holdings LLC boosted its stake in shares of Consumer Staples Select Sector SPDR Fund by 0.8% during the 2nd quarter. CMG Global Holdings LLC now owns 17,404 shares of the exchange traded fund’s stock worth $1,333,000 after purchasing an additional 130 shares during the period. Constitution Capital LLC boosted its stake in shares of Consumer Staples Select Sector SPDR Fund by 2.3% during the 3rd quarter. Constitution Capital LLC now owns 5,795 shares of the exchange traded fund’s stock worth $481,000 after purchasing an additional 130 shares during the period. JB Capital LLC grew its holdings in Consumer Staples Select Sector SPDR Fund by 2.3% during the 3rd quarter. JB Capital LLC now owns 5,768 shares of the exchange traded fund’s stock valued at $479,000 after purchasing an additional 130 shares during the last quarter. Finally, Chesapeake Wealth Management raised its position in Consumer Staples Select Sector SPDR Fund by 0.6% in the 2nd quarter. Chesapeake Wealth Management now owns 20,902 shares of the exchange traded fund’s stock worth $1,601,000 after purchasing an additional 131 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.