Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Consumer Staples Select Sector SPDR Fund Price Performance

The company has a fifty day simple moving average of $80.33 and a 200-day simple moving average of $80.73. The company has a market cap of $16.37 billion, a P/E ratio of 21.99 and a beta of 0.58.

Consumer Staples Select Sector SPDR Fund Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were given a dividend of $0.4182 per share. The ex-dividend date was Monday, March 24th.

Institutional Trading of Consumer Staples Select Sector SPDR Fund

A number of hedge funds have recently bought and sold shares of the company. Capital Management Associates Inc raised its holdings in shares of Consumer Staples Select Sector SPDR Fund by 2.4% during the fourth quarter. Capital Management Associates Inc now owns 5,691 shares of the exchange traded fund’s stock valued at $447,000 after acquiring an additional 135 shares during the period. Navis Wealth Advisors LLC lifted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 0.6% in the fourth 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 in the last quarter. Fiduciary Trust Co boosted its position in shares of 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 buying an additional 151 shares during the period. M3 Advisory Group LLC grew its holdings in shares of Consumer Staples Select Sector SPDR Fund by 0.7% during the fourth quarter. M3 Advisory Group LLC now owns 22,723 shares of the exchange traded fund’s stock valued at $1,786,000 after buying an additional 152 shares in the last quarter. Finally, Key Client Fiduciary Advisors LLC raised its position 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 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.