Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Hits New 12-Month High – What’s Next?

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

Consumer Staples Select Sector SPDR Fund Stock Up 1.6%

The stock’s 50-day moving average price is $84.84 and its 200 day moving average price is $84.57. The firm has a market cap of $15.68 billion, a price-to-earnings ratio of 20.82 and a beta of 0.45.

Institutional Investors Weigh In On Consumer Staples Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC increased its stake in shares of Consumer Staples Select Sector SPDR Fund by 12.9% in the 1st quarter. Kestra Advisory Services LLC now owns 184,356 shares of the exchange traded fund’s stock valued at $15,114,000 after acquiring an additional 21,069 shares during the last quarter. Money Concepts Capital Corp raised its position in shares of Consumer Staples Select Sector SPDR Fund by 28.1% in the 1st quarter. Money Concepts Capital Corp now owns 121,295 shares of the exchange traded fund’s stock valued at $9,944,000 after acquiring an additional 26,624 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of Consumer Staples Select Sector SPDR Fund in the 1st quarter valued at approximately $287,000. ES4 LLC raised its position in shares of Consumer Staples Select Sector SPDR Fund by 33.0% in the 1st quarter. ES4 LLC now owns 26,068 shares of the exchange traded fund’s stock valued at $2,137,000 after acquiring an additional 6,471 shares during the period. Finally, Personal CFO Solutions LLC bought a new position in Consumer Staples Select Sector SPDR Fund during the 1st quarter worth approximately $807,000.

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.