Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Share Price Passes Below 50 Day Moving Average of $60.09

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) 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 trading hands.

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

Several institutional investors have recently bought and sold shares of XLP. Resources Investment Advisors LLC. acquired a new position in shares of Consumer Staples Select Sector SPDR Fund in the 2nd quarter valued at $30,000. Doyle Wealth Management purchased a new stake in shares of Consumer Staples Select Sector SPDR Fund during the second quarter worth about $31,000. Perkins Coie Trust Co purchased a new stake in shares of Consumer Staples Select Sector SPDR Fund during the second quarter worth about $35,000. Meridian Wealth Management LLC purchased a new stake in shares of Consumer Staples Select Sector SPDR Fund during the first quarter worth about $37,000. Finally, Gradient Investments LLC boosted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 539.5% during the second 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.



About Consumer Staples Select Sector SPDR Fund (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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