Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Hits New 1-Year Low – What’s Next?

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $75.56 and last traded at $75.6660, with a volume of 2341914 shares trading hands. The stock had previously closed at $76.28.

Consumer Staples Select Sector SPDR Fund Price Performance

The company has a market capitalization of $15.52 billion, a P/E ratio of 20.82 and a beta of 0.53. The company has a fifty day moving average price of $79.14 and a 200 day moving average price of $80.64.

Institutional Investors Weigh In On Consumer Staples Select Sector SPDR Fund

A number of institutional investors have recently added to or reduced their stakes in XLP. Kingstone Capital Partners Texas LLC acquired a new stake in Consumer Staples Select Sector SPDR Fund in the second quarter worth approximately $272,718,000. Laurel Wealth Advisors LLC lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 8,306.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,170,018 shares of the exchange traded fund’s stock valued at $175,706,000 after acquiring an additional 2,144,203 shares during the last quarter. State Street Corp lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 3,047.7% during the 2nd quarter. State Street Corp now owns 1,626,784 shares of the exchange traded fund’s stock valued at $131,721,000 after acquiring an additional 1,575,102 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 20,234.8% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,448,648 shares of the exchange traded fund’s stock valued at $118,311,000 after acquiring an additional 1,441,524 shares during the last quarter. Finally, Phoenix Financial Ltd. lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 509.9% during the 3rd quarter. Phoenix Financial Ltd. now owns 1,476,022 shares of the exchange traded fund’s stock valued at $115,676,000 after acquiring an additional 1,234,005 shares during the last quarter.

About Consumer Staples Select Sector SPDR Fund

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.