Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Shares Cross Below 200 Day Moving Average – Here’s Why

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $80.72 and traded as low as $80.59. Consumer Staples Select Sector SPDR Fund shares last traded at $80.61, with a volume of 10,470,338 shares changing hands.

Consumer Staples Select Sector SPDR Fund Stock Up 0.8 %

The business has a fifty day moving average of $79.02 and a 200 day moving average of $80.73. The firm has a market cap of $15.36 billion, a P/E ratio of 25.58 and a beta of 0.45.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in XLP. Bristlecone Advisors LLC bought a new stake in shares of Consumer Staples Select Sector SPDR Fund during the third quarter worth approximately $28,000. Flagship Wealth Advisors LLC acquired a new stake in Consumer Staples Select Sector SPDR Fund during the 4th quarter worth approximately $31,000. Rakuten Securities Inc. boosted its stake in Consumer Staples Select Sector SPDR Fund by 305.3% in the 3rd quarter. Rakuten Securities Inc. now owns 381 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 287 shares during the period. Synergy Asset Management LLC acquired a new position in Consumer Staples Select Sector SPDR Fund in the 4th quarter valued at $33,000. Finally, Horizon Bancorp Inc. IN bought a new position in Consumer Staples Select Sector SPDR Fund during the 4th quarter worth $35,000.

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.