Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $83.88 and traded as high as $85.08. Consumer Staples Select Sector SPDR Fund shares last traded at $84.37, with a volume of 10,161,509 shares trading hands.

Consumer Staples Select Sector SPDR Fund Stock Up 0.3%

The firm has a market cap of $13.75 billion, a price-to-earnings ratio of 20.82 and a beta of 0.47. The stock’s 50 day moving average is $83.91 and its 200 day moving average is $83.31.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

Several hedge funds have recently modified their holdings of XLP. Eastern Bank boosted its stake in Consumer Staples Select Sector SPDR Fund by 554.3% during the second quarter. Eastern Bank now owns 301 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 255 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in Consumer Staples Select Sector SPDR Fund in the fourth quarter worth about $25,000. Signature Resources Capital Management LLC raised its position in Consumer Staples Select Sector SPDR Fund by 325.0% in the fourth quarter. Signature Resources Capital Management LLC now owns 340 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 260 shares in the last quarter. Pacifica Partners Inc. lifted its holdings in 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 valued at $27,000 after acquiring an additional 215 shares during the last quarter. Finally, Ankerstar Wealth LLC acquired a new stake in Consumer Staples Select Sector SPDR Fund in the 4th quarter valued at about $28,000.

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. 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.