Bank of New York Mellon Corp grew its position in Consumer Staples Select Sect. SPDR (NYSEARCA:XLP) by 17.6% during the 3rd quarter, Holdings Channel reports. The firm owned 34,206 shares of the exchange traded fund’s stock after purchasing an additional 5,108 shares during the period. Bank of New York Mellon Corp’s holdings in Consumer Staples Select Sect. SPDR were worth $1,847,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sigma Planning Corp lifted its stake in shares of Consumer Staples Select Sect. SPDR by 21.9% during the third quarter. Sigma Planning Corp now owns 65,300 shares of the exchange traded fund’s stock worth $3,525,000 after buying an additional 11,727 shares during the period. Crescent Grove Advisors LLC lifted its stake in shares of Consumer Staples Select Sect. SPDR by 31.3% during the third quarter. Crescent Grove Advisors LLC now owns 8,032 shares of the exchange traded fund’s stock worth $434,000 after buying an additional 1,917 shares during the period. WestEnd Advisors LLC lifted its position in Consumer Staples Select Sect. SPDR by 24.7% during the third quarter. WestEnd Advisors LLC now owns 127,735 shares of the exchange traded fund’s stock valued at $6,895,000 after purchasing an additional 25,282 shares during the period. Quattro Financial Advisors LLC lifted its position in Consumer Staples Select Sect. SPDR by 43.9% during the third quarter. Quattro Financial Advisors LLC now owns 46,015 shares of the exchange traded fund’s stock valued at $2,481,000 after purchasing an additional 14,028 shares during the period. Finally, Patriot Wealth Management Inc. acquired a new position in Consumer Staples Select Sect. SPDR during the third quarter valued at $16,951,000.

Consumer Staples Select Sect. SPDR (NYSEARCA XLP) opened at $57.07 on Tuesday. The stock has a market cap of $9,470.00 and a price-to-earnings ratio of 8.37. Consumer Staples Select Sect. SPDR has a 1 year low of $51.35 and a 1 year high of $57.36.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Monday, December 18th were given a dividend of $0.4177 per share. The ex-dividend date was Friday, December 15th. This is an increase from Consumer Staples Select Sect. SPDR’s previous quarterly dividend of $0.35. This represents a $1.67 dividend on an annualized basis and a yield of 2.93%. Consumer Staples Select Sect. SPDR’s payout ratio is currently 21.85%.

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Consumer Staples Select Sect. SPDR Company Profile

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.

Want to see what other hedge funds are holding XLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Consumer Staples Select Sect. SPDR (NYSEARCA:XLP).

Institutional Ownership by Quarter for Consumer Staples Select Sect. SPDR (NYSEARCA:XLP)

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