Biltmore Wealth Management LLC raised its stake in shares of Consumer Staples Select Sect. SPDR (NYSE:XLP) by 25.3% during the second quarter, Holdings Channel reports. The institutional investor owned 257,361 shares of the exchange traded fund’s stock after buying an additional 51,946 shares during the period. Consumer Staples Select Sect. SPDR makes up approximately 15.9% of Biltmore Wealth Management LLC’s holdings, making the stock its largest position. Biltmore Wealth Management LLC’s holdings in Consumer Staples Select Sect. SPDR were worth $14,139,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Granite Investment Advisors LLC raised its position in shares of Consumer Staples Select Sect. SPDR by 4.5% in the second quarter. Granite Investment Advisors LLC now owns 16,620 shares of the exchange traded fund’s stock valued at $919,000 after buying an additional 720 shares in the last quarter. Crescent Grove Advisors LLC acquired a new position in shares of Consumer Staples Select Sect. SPDR during the second quarter valued at about $336,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Consumer Staples Select Sect. SPDR by 5,318.8% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 617,146 shares of the exchange traded fund’s stock valued at $33,905,000 after buying an additional 605,757 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Consumer Staples Select Sect. SPDR by 14.6% in the second quarter. Global X Management Co. LLC now owns 31,979 shares of the exchange traded fund’s stock valued at $1,757,000 after buying an additional 4,078 shares in the last quarter. Finally, Goelzer Investment Management Inc. raised its position in shares of Consumer Staples Select Sect. SPDR by 4.6% in the second quarter. Goelzer Investment Management Inc. now owns 4,916 shares of the exchange traded fund’s stock valued at $270,000 after buying an additional 218 shares in the last quarter.

Consumer Staples Select Sect. SPDR (NYSE XLP) opened at 55.08 on Friday. The company’s 50-day moving average price is $55.02 and its 200 day moving average price is $54.99. Consumer Staples Select Sect. SPDR has a 12 month low of $49.98 and a 12 month high of $57.36.

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About Consumer Staples Select Sect. SPDR

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

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