Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Sets New 1-Year High – What’s Next?

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $88.22 and last traded at $87.64, with a volume of 3853206 shares. The stock had previously closed at $87.94.

Consumer Staples Select Sector SPDR Fund Price Performance

The firm’s fifty day simple moving average is $80.35 and its 200 day simple moving average is $79.68. The company has a market capitalization of $16.87 billion, a PE ratio of 20.82 and a beta of 0.53.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Two Sigma Investments LP grew its position in Consumer Staples Select Sector SPDR Fund by 242.5% during the third quarter. Two Sigma Investments LP now owns 6,247,272 shares of the exchange traded fund’s stock valued at $489,599,000 after buying an additional 4,423,172 shares during the period. Laurel Wealth Advisors LLC raised its stake in shares of Consumer Staples Select Sector SPDR Fund by 8,306.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,170,018 shares of the exchange traded fund’s stock worth $175,706,000 after buying an additional 2,144,203 shares during the period. State Street Corp raised its stake in shares of Consumer Staples Select Sector SPDR Fund by 3,047.7% during the 2nd quarter. State Street Corp now owns 1,626,784 shares of the exchange traded fund’s stock worth $131,721,000 after buying an additional 1,575,102 shares during the period. Caisse de depot et placement du Quebec lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 75.3% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 3,548,211 shares of the exchange traded fund’s stock valued at $278,073,000 after buying an additional 1,524,678 shares in the last quarter. Finally, Phoenix Financial Ltd. grew its stake in Consumer Staples Select Sector SPDR Fund by 509.9% in the 3rd quarter. Phoenix Financial Ltd. now owns 1,476,022 shares of the exchange traded fund’s stock valued at $115,676,000 after acquiring an additional 1,234,005 shares during the period.

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.