Traders Buy Consumer Staples Select Sect. SPDR (XLP) on Weakness

Traders purchased shares of Consumer Staples Select Sect. SPDR (NYSE:XLP) on weakness during trading hours on Thursday. $102.87 million flowed into the stock on the tick-up and $46.77 million flowed out of the stock on the tick-down, for a money net flow of $56.10 million into the stock. Of all companies tracked, Consumer Staples Select Sect. SPDR had the 9th highest net in-flow for the day. Consumer Staples Select Sect. SPDR traded down ($0.52) for the day and closed at $54.08

The firm’s 50-day moving average is $55.19 and its 200-day moving average is $55.28.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 18th will be given a $0.346 dividend. This represents a $1.38 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Friday, September 15th.

A number of hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC increased its position in Consumer Staples Select Sect. SPDR by 5.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 833,091 shares of the exchange traded fund’s stock worth $45,770,000 after purchasing an additional 40,520 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in Consumer Staples Select Sect. SPDR by 5,318.8% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 617,146 shares of the exchange traded fund’s stock worth $33,905,000 after purchasing an additional 605,757 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Consumer Staples Select Sect. SPDR by 100,434.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 552,941 shares of the exchange traded fund’s stock worth $30,379,000 after purchasing an additional 552,391 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Consumer Staples Select Sect. SPDR by 7.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 323,917 shares of the exchange traded fund’s stock worth $17,796,000 after purchasing an additional 21,933 shares during the last quarter. Finally, Spinnaker Trust increased its position in Consumer Staples Select Sect. SPDR by 2.1% in the 2nd quarter. Spinnaker Trust now owns 314,152 shares of the exchange traded fund’s stock worth $17,260,000 after purchasing an additional 6,377 shares during the last quarter.

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Consumer Staples Select Sect. SPDR 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.

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