Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Sets New 1-Year High at $84.10

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $84.10 and last traded at $84.10, with a volume of 5660 shares changing hands. The stock had previously closed at $83.93.

Consumer Staples Select Sector SPDR Fund Stock Performance

The firm has a market capitalization of $15.72 billion, a PE ratio of 25.58 and a beta of 0.45. The stock has a fifty day moving average price of $80.28 and a 200-day moving average price of $77.63.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new stake in shares of Consumer Staples Select Sector SPDR Fund in the 2nd quarter valued at about $13,898,000. RiverFront Investment Group LLC grew its holdings in Consumer Staples Select Sector SPDR Fund by 1.2% in the second quarter. RiverFront Investment Group LLC now owns 204,145 shares of the exchange traded fund’s stock worth $15,633,000 after purchasing an additional 2,457 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Consumer Staples Select Sector SPDR Fund during the second quarter worth $724,000. Granite Bay Wealth Management LLC purchased a new stake in shares of Consumer Staples Select Sector SPDR Fund during the 2nd quarter valued at $961,000. Finally, EP Wealth Advisors LLC boosted its position in shares of Consumer Staples Select Sector SPDR Fund by 4.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 538,754 shares of the exchange traded fund’s stock worth $41,258,000 after purchasing an additional 25,017 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.