Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $80.84 and traded as low as $80.51. Consumer Staples Select Sector SPDR Fund shares last traded at $81.51, with a volume of 17,611,716 shares trading hands.

Consumer Staples Select Sector SPDR Fund Stock Up 0.8%

The firm has a market capitalization of $15.83 billion, a P/E ratio of 20.82 and a beta of 0.53. The business’s 50 day moving average is $85.40 and its two-hundred day moving average is $80.85.

Consumer Staples Select Sector SPDR Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Monday, March 23rd were given a dividend of $0.4549 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, March 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Jackson Hole Trust acquired a new stake in Consumer Staples Select Sector SPDR Fund in the fourth quarter worth approximately $25,000. Signature Resources Capital Management LLC increased its position in shares of Consumer Staples Select Sector SPDR Fund by 325.0% during the 4th quarter. Signature Resources Capital Management LLC now owns 340 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 260 shares during the period. Pacifica Partners Inc. increased its position in shares of Consumer Staples Select Sector SPDR Fund by 165.4% during the 4th quarter. Pacifica Partners Inc. now owns 345 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 215 shares during the period. Ankerstar Wealth LLC bought a new stake in shares of Consumer Staples Select Sector SPDR Fund in the 4th quarter worth $28,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Consumer Staples Select Sector SPDR Fund by 1,262.1% in the 4th quarter. Hantz Financial Services Inc. now owns 395 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 366 shares in the last quarter.

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.