Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

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 trading hands.

Consumer Staples Select Sector SPDR Fund Price Performance

The stock’s 50 day moving average is $79.67 and its 200-day moving average is $80.54. The company has a market capitalization of $14.87 billion, a P/E ratio of 25.58 and a beta of 0.45.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Consumer Staples Select Sector SPDR Fund by 826.7% in the 3rd quarter. State Street Corp now owns 2,462,344 shares of the exchange traded fund’s stock worth $204,375,000 after acquiring an additional 2,196,639 shares in the last quarter. Maven Securities LTD increased its stake in shares of Consumer Staples Select Sector SPDR Fund by 104.1% during the third quarter. Maven Securities LTD now owns 64,965 shares of the exchange traded fund’s stock valued at $5,392,000 after purchasing an additional 1,631,901 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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. International Assets Investment Management LLC lifted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 8,394.9% during the third quarter. International Assets Investment Management LLC now owns 739,739 shares of the exchange traded fund’s stock valued at $61,398,000 after purchasing an additional 731,031 shares during the last quarter. Finally, Raymond James & Associates boosted its position in shares of Consumer Staples Select Sector SPDR Fund by 18.1% in the 3rd quarter. Raymond James & Associates now owns 3,382,300 shares of the exchange traded fund’s stock worth $280,731,000 after purchasing an additional 518,661 shares in the last quarter.

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.