Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Hits New 52-Week High – Still a Buy?

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $90.14 and last traded at $89.3220, with a volume of 2743761 shares traded. The stock had previously closed at $89.51.

Consumer Staples Select Sector SPDR Fund Trading Down 0.2%

The firm’s fifty day moving average price is $81.94 and its 200-day moving average price is $80.12. The company has a market cap of $17.04 billion, a P/E ratio of 20.82 and a beta of 0.53.

Institutional Trading of Consumer Staples Select Sector SPDR Fund

A number of hedge funds have recently modified their holdings of XLP. Bank of Jackson Hole Trust acquired a new position in shares of Consumer Staples Select Sector SPDR Fund in the fourth quarter valued at $25,000. Signature Resources Capital Management LLC raised its stake in shares of Consumer Staples Select Sector SPDR Fund by 325.0% in the 4th quarter. Signature Resources Capital Management LLC now owns 340 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 260 shares in the last quarter. Pacifica Partners Inc. lifted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 165.4% during the 4th quarter. Pacifica Partners Inc. now owns 345 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 215 shares during the period. Ankerstar Wealth LLC bought a new position in shares of Consumer Staples Select Sector SPDR Fund during the 4th quarter worth about $28,000. Finally, Piscataqua Savings Bank boosted its position in shares of Consumer Staples Select Sector SPDR Fund by 47.3% during the 4th quarter. Piscataqua Savings Bank now owns 405 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 130 shares in the last quarter.

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.