Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Stock Passes Below Fifty Day Moving Average of $60.09

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Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $60.09 and traded as low as $60.59. Consumer Staples Select Sector SPDR Fund shares last traded at $61.04, with a volume of 786,383 shares traded.

The company’s 50 day moving average price is $60.12 and its two-hundred day moving average price is $57.77.

Institutional investors have recently modified their holdings of the company. Resources Investment Advisors LLC. purchased a new position in shares of Consumer Staples Select Sector SPDR Fund during the 2nd quarter worth about $30,000. Doyle Wealth Management purchased a new position in shares of Consumer Staples Select Sector SPDR Fund during the 2nd quarter worth about $31,000. Perkins Coie Trust Co purchased a new position in shares of Consumer Staples Select Sector SPDR Fund during the 2nd quarter worth about $35,000. Meridian Wealth Management LLC purchased a new position in shares of Consumer Staples Select Sector SPDR Fund during the 1st quarter worth about $37,000. Finally, Gradient Investments LLC boosted its stake in shares of Consumer Staples Select Sector SPDR Fund by 539.5% during the 2nd quarter. Gradient Investments LLC now owns 729 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 615 shares during the period.

Consumer Staples Select Sector SPDR Fund Company Profile (NYSEARCA:XLP)

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.

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