The Consumer Staples Select Sector SPDR Fund (XLP) experienced a significant outflow of approximately $241.4 million, marking a 1.4% decrease in shares outstanding, from 199,321,809 to 196,471,809. This change was reported today, and amidst key holdings, Colgate-Palmolive Co. (CL) declined about 2%, Altria Group Inc. (MO) was down 1.4%, and Mondelez International Inc. (MDLZ) fell by 1%.
Over the past year, XLP has seen a price range between $75.16 and $90.14, with the current trading price at $83.50. The fund’s performance relative to its 200-day moving average may serve as a useful technical analysis tool.
