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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) shares reached a new 52-week high during trading on Monday . The company traded as high as $84.51 and last traded at $84.5640, with a volume of 17205635 shares. The stock had previously closed at $83.51.

Consumer Staples Select Sector SPDR Fund Trading Up 1.2%

The firm has a market cap of $16.32 billion, a price-to-earnings ratio of 20.82 and a beta of 0.53. The firm has a 50 day moving average price of $79.55 and a 200-day moving average price of $79.49.

Institutional Trading of Consumer Staples Select Sector SPDR Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Signature Resources Capital Management LLC increased its stake in shares of Consumer Staples Select Sector SPDR Fund by 325.0% during the 4th quarter. Signature Resources Capital Management LLC now owns 340 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 260 shares in the last quarter. Pacifica Partners Inc. grew its holdings in 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 valued at $27,000 after buying an additional 215 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in Consumer Staples Select Sector SPDR Fund during the second quarter worth $30,000. Piscataqua Savings Bank increased its position in Consumer Staples Select Sector SPDR Fund by 47.3% during the fourth quarter. Piscataqua Savings Bank now owns 405 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 130 shares in the last quarter. Finally, Traub Capital Management LLC acquired a new position in shares of Consumer Staples Select Sector SPDR Fund in the second quarter worth $34,000.

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. 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.