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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $80.48 and traded as low as $78.16. Consumer Staples Select Sector SPDR Fund shares last traded at $78.61, with a volume of 6,125,505 shares trading hands.

Consumer Staples Select Sector SPDR Fund Price Performance

The company has a market capitalization of $14.75 billion, a price-to-earnings ratio of 25.58 and a beta of 0.45. The firm’s fifty day moving average price is $80.87 and its 200-day moving average price is $80.47.

Institutional Investors Weigh In On Consumer Staples Select Sector SPDR Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bristlecone Advisors LLC purchased a new position in shares of Consumer Staples Select Sector SPDR Fund during the third quarter valued at approximately $28,000. Rakuten Securities Inc. lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 305.3% during the third quarter. Rakuten Securities Inc. now owns 381 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 287 shares in the last quarter. Mark Sheptoff Financial Planning LLC grew its stake in Consumer Staples Select Sector SPDR Fund by 46.3% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 439 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 139 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in Consumer Staples Select Sector SPDR Fund in the 3rd quarter worth about $38,000. Finally, Marquette Asset Management LLC bought a new position in Consumer Staples Select Sector SPDR Fund in the third quarter valued at $40,000.

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.