Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $84.35 and traded as low as $82.85. Consumer Staples Select Sector SPDR Fund shares last traded at $83.05, with a volume of 12,201,796 shares.

Consumer Staples Select Sector SPDR Fund Stock Up 0.3%

The business’s fifty day moving average is $85.02 and its 200-day moving average is $84.31. The company has a market cap of $14.59 billion, a PE ratio of 20.82 and a beta of 0.47.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

A number of institutional investors have recently bought and sold shares of XLP. Two Sigma Investments LP increased its position in Consumer Staples Select Sector SPDR Fund by 242.5% in the third quarter. Two Sigma Investments LP now owns 6,247,272 shares of the exchange traded fund’s stock worth $489,599,000 after buying an additional 4,423,172 shares in the last quarter. State Street Corp raised its stake in shares of Consumer Staples Select Sector SPDR Fund by 3,047.7% in the second quarter. State Street Corp now owns 1,626,784 shares of the exchange traded fund’s stock worth $131,721,000 after buying an additional 1,575,102 shares during the period. Caisse de depot et placement du Quebec lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 75.3% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 3,548,211 shares of the exchange traded fund’s stock valued at $278,073,000 after buying an additional 1,524,678 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new position in shares of Consumer Staples Select Sector SPDR Fund during the 1st quarter valued at approximately $120,192,000. Finally, Bank of America Corp DE grew its stake in shares of Consumer Staples Select Sector SPDR Fund by 5.4% during the 1st quarter. Bank of America Corp DE now owns 24,702,456 shares of the exchange traded fund’s stock valued at $2,025,107,000 after acquiring an additional 1,275,550 shares during the period.

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.