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

Shares of Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $80.41 and traded as low as $80.13. Consumer Staples Select Sector SPDR Fund shares last traded at $80.24, with a volume of 12,870,789 shares trading hands.

Consumer Staples Select Sector SPDR Fund Stock Performance

The company’s fifty day moving average is $81.46 and its two-hundred day moving average is $80.41. The company has a market cap of $15.94 billion, a price-to-earnings ratio of 20.82 and a beta of 0.58.

Institutional Trading of Consumer Staples Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently bought and sold shares of XLP. WealthShield Partners LLC acquired a new stake in Consumer Staples Select Sector SPDR Fund in the 1st quarter valued at $26,000. Flagship Wealth Advisors LLC purchased a new stake in Consumer Staples Select Sector SPDR Fund in the fourth quarter valued at $31,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Consumer Staples Select Sector SPDR Fund in the first quarter valued at approximately $33,000. Millstone Evans Group LLC increased its stake in Consumer Staples Select Sector SPDR Fund by 557.4% during the first quarter. Millstone Evans Group LLC now owns 447 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 379 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Consumer Staples Select Sector SPDR Fund by 52.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 520 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 180 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.