Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Sets New 12-Month High – Here’s What Happened

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) shares hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $93.06 and last traded at $93.0070, with a volume of 1,953,017 shares changing hands. The stock had previously closed at $91.94.

Consumer Staples Select Sector SPDR Fund Trading Down 1.3%

The stock has a market capitalization of $14.97 billion, a PE ratio of 20.82 and a beta of 0.45. The company’s 50 day simple moving average is $85.04 and its 200 day simple moving average is $84.65.

Institutional Investors Weigh In On Consumer Staples Select Sector SPDR Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Eastern Bank lifted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 554.3% during the 2nd quarter. Eastern Bank now owns 301 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 255 shares during the period. Centrica Wealth Management LLC purchased a new position in Consumer Staples Select Sector SPDR Fund during the second quarter worth approximately $26,000. Foresight Capital Management Advisors Inc. purchased a new position in Consumer Staples Select Sector SPDR Fund during the third quarter worth approximately $26,000. NBH Bank purchased a new position in Consumer Staples Select Sector SPDR Fund during the second quarter worth approximately $27,000. Finally, MADDEN SECURITIES Corp acquired a new position in shares of Consumer Staples Select Sector SPDR Fund in the 3rd quarter valued at $28,000.

Consumer Staples Select Sector SPDR Fund 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. Under normal market conditions, the Fund generally invests substantially all, but at least 95%, of its total assets in the securities consisting of the Index.