Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $84.12 and traded as high as $85.30. Consumer Staples Select Sector SPDR Fund shares last traded at $84.39, with a volume of 10,893,337 shares.

Consumer Staples Select Sector SPDR Fund Stock Down 0.6%

The firm has a market cap of $14.14 billion, a PE ratio of 20.82 and a beta of 0.47. The firm’s 50 day moving average is $84.12 and its 200-day moving average is $83.50.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 5.4% during the first quarter. Bank of America Corp DE now owns 24,702,456 shares of the exchange traded fund’s stock worth $2,025,107,000 after purchasing an additional 1,275,550 shares during the last quarter. Two Sigma Investments LP increased its stake 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 valued at $489,599,000 after purchasing an additional 4,423,172 shares during the last quarter. Wells Fargo & Company MN increased its stake in Consumer Staples Select Sector SPDR Fund by 12.2% in the fourth quarter. Wells Fargo & Company MN now owns 5,164,547 shares of the exchange traded fund’s stock valued at $401,182,000 after purchasing an additional 563,063 shares during the last quarter. Raymond James Financial Inc. lifted its position in Consumer Staples Select Sector SPDR Fund by 8.1% during the fourth quarter. Raymond James Financial Inc. now owns 4,994,420 shares of the exchange traded fund’s stock worth $387,967,000 after buying an additional 372,614 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Consumer Staples Select Sector SPDR Fund by 35.4% during the second quarter. Ameriprise Financial Inc. now owns 3,926,046 shares of the exchange traded fund’s stock worth $317,875,000 after buying an additional 1,025,936 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.