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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP)’s stock 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 traded.

Consumer Staples Select Sector SPDR Fund Stock Down 0.1 %

The company has a fifty day simple moving average of $80.87 and a 200 day simple moving average of $80.47. The firm has a market capitalization of $14.75 billion, a P/E ratio of 25.58 and a beta of 0.45.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in Consumer Staples Select Sector SPDR Fund by 31.4% during the third quarter. JPMorgan Chase & Co. now owns 6,363,821 shares of the exchange traded fund’s stock valued at $528,197,000 after purchasing an additional 1,518,944 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Consumer Staples Select Sector SPDR Fund by 46.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,700,000 shares of the exchange traded fund’s stock valued at $359,926,000 after acquiring an additional 1,500,000 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Consumer Staples Select Sector SPDR Fund by 4.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,917,222 shares of the exchange traded fund’s stock valued at $299,981,000 after purchasing an additional 164,539 shares during the last quarter. Raymond James & Associates increased its stake in shares of Consumer Staples Select Sector SPDR Fund by 18.1% in the third quarter. Raymond James & Associates now owns 3,382,300 shares of the exchange traded fund’s stock worth $280,731,000 after acquiring an additional 518,661 shares during the period. Finally, LPL Financial LLC lifted its holdings in Consumer Staples Select Sector SPDR Fund by 12.7% in the third quarter. LPL Financial LLC now owns 3,369,766 shares of the exchange traded fund’s stock valued at $279,691,000 after acquiring an additional 380,681 shares during the period.

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.