Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $83.98 and traded as low as $83.16. Consumer Staples Select Sector SPDR Fund shares last traded at $84.13, with a volume of 9,634,460 shares.

Consumer Staples Select Sector SPDR Fund Stock Performance

The company has a market capitalization of $14.11 billion, a P/E ratio of 20.82 and a beta of 0.47. The firm’s fifty day moving average is $84.15 and its 200 day moving average is $83.98.

Institutional Investors Weigh In On Consumer Staples Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Farmers & Merchants Trust Co of Chambersburg PA grew its position in Consumer Staples Select Sector SPDR Fund by 0.5% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 55,815 shares of the exchange traded fund’s stock valued at $4,637,000 after acquiring an additional 268 shares during the last quarter. Stronghold Wealth Management L.L.C. increased its stake in Consumer Staples Select Sector SPDR Fund by 2.2% in the second quarter. Stronghold Wealth Management L.L.C. now owns 9,543 shares of the exchange traded fund’s stock worth $793,000 after purchasing an additional 205 shares during the period. Greenwood Gearhart LLC lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 2.8% during the second quarter. Greenwood Gearhart LLC now owns 476,688 shares of the exchange traded fund’s stock worth $39,598,000 after purchasing an additional 13,067 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 9.3% during the second quarter. Pine Valley Investments Ltd Liability Co now owns 18,028 shares of the exchange traded fund’s stock worth $1,498,000 after purchasing an additional 1,537 shares during the last quarter. Finally, Barrett & Company Inc. bought a new stake in shares of Consumer Staples Select Sector SPDR Fund during the second quarter worth $54,000.

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. 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.