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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $83.94 and traded as low as $81.33. Consumer Staples Select Sector SPDR Fund shares last traded at $82.06, with a volume of 8,610,928 shares changing hands.

Consumer Staples Select Sector SPDR Fund Trading Up 0.4%

The company has a market cap of $13.75 billion, a price-to-earnings ratio of 20.82 and a beta of 0.47. The firm has a 50-day moving average price of $84.70 and a 200 day moving average price of $83.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised 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 valued at $2,025,107,000 after buying an additional 1,275,550 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Consumer Staples Select Sector SPDR Fund by 4.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,138,094 shares of the exchange traded fund’s stock valued at $257,261,000 after acquiring an additional 125,751 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in Consumer Staples Select Sector SPDR Fund during the 1st quarter worth $120,192,000. Cibc World Market Inc. grew its stake in shares of Consumer Staples Select Sector SPDR Fund by 1.2% in the fourth quarter. Cibc World Market Inc. now owns 1,064,031 shares of the exchange traded fund’s stock worth $82,654,000 after purchasing an additional 12,226 shares in the last quarter. Finally, Alps Advisors Inc. grew its stake in shares of Consumer Staples Select Sector SPDR Fund by 12.3% in the fourth quarter. Alps Advisors Inc. now owns 671,324 shares of the exchange traded fund’s stock worth $52,148,000 after purchasing an additional 73,574 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.