Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Shares Cross Below 200 Day Moving Average – Should You Sell?

Shares of Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $80.53 and traded as low as $79.18. Consumer Staples Select Sector SPDR Fund shares last traded at $79.73, with a volume of 8,191,878 shares.

Consumer Staples Select Sector SPDR Fund Trading Down 0.9 %

The stock has a market capitalization of $14.87 billion, a P/E ratio of 25.58 and a beta of 0.45. The stock’s fifty day moving average price is $79.67 and its two-hundred day moving average price is $80.54.

Institutional Investors Weigh In On Consumer Staples Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently modified their holdings of XLP. Bristlecone Advisors LLC purchased a new position in shares of Consumer Staples Select Sector SPDR Fund in the third quarter worth $28,000. Rakuten Securities Inc. grew its holdings 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 worth $32,000 after acquiring an additional 287 shares during the last quarter. Synergy Asset Management LLC purchased a new position in shares of Consumer Staples Select Sector SPDR Fund in the fourth quarter valued at about $33,000. Horizon Bancorp Inc. IN bought a new position in shares of Consumer Staples Select Sector SPDR Fund during the fourth quarter valued at about $35,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of Consumer Staples Select Sector SPDR Fund during the third quarter worth about $38,000.

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.