Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Stock Price Passes Below Two Hundred 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 Friday . The stock has a 200-day moving average of $80.75 and traded as low as $80.11. Consumer Staples Select Sector SPDR Fund shares last traded at $80.41, with a volume of 12,486,368 shares changing hands.

Consumer Staples Select Sector SPDR Fund Stock Performance

The company has a market cap of $16.37 billion, a price-to-earnings ratio of 21.99 and a beta of 0.58. The business’s 50 day simple moving average is $80.33 and its 200-day simple moving average is $80.73.

Consumer Staples Select Sector SPDR Fund Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were paid a $0.4182 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

Hedge funds have recently added to or reduced their stakes in the company. Capital Management Associates Inc grew its position in Consumer Staples Select Sector SPDR Fund by 2.4% in the fourth quarter. Capital Management Associates Inc now owns 5,691 shares of the exchange traded fund’s stock worth $447,000 after acquiring an additional 135 shares in the last quarter. Navis Wealth Advisors LLC lifted its stake in shares of Consumer Staples Select Sector SPDR Fund by 0.6% in the 4th quarter. Navis Wealth Advisors LLC now owns 22,412 shares of the exchange traded fund’s stock valued at $1,762,000 after purchasing an additional 142 shares during the last quarter. Fiduciary Trust Co boosted its holdings in Consumer Staples Select Sector SPDR Fund by 1.7% in the fourth quarter. Fiduciary Trust Co now owns 8,925 shares of the exchange traded fund’s stock worth $702,000 after purchasing an additional 151 shares in the last quarter. M3 Advisory Group LLC boosted its holdings in Consumer Staples Select Sector SPDR Fund by 0.7% in the fourth quarter. M3 Advisory Group LLC now owns 22,723 shares of the exchange traded fund’s stock worth $1,786,000 after purchasing an additional 152 shares in the last quarter. Finally, Key Client Fiduciary Advisors LLC raised its holdings in Consumer Staples Select Sector SPDR Fund by 2.2% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 7,460 shares of the exchange traded fund’s stock valued at $586,000 after buying an additional 158 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.