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 on Monday. $115.92 million flowed into the stock on the tick-up and $41.67 million flowed out of the stock on the tick-down, for a money net flow of $74.25 million into the stock. Of all companies tracked, Consumer Staples Select Sect. SPDR had the 6th highest net in-flow for the day. Consumer Staples Select Sect. SPDR traded down ($0.15) for the day and closed at $53.66

The stock has a 50 day moving average of $54.66 and a 200 day moving average of $55.18.

The business also recently announced a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 18th were issued a $0.346 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, September 15th.

Several institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in shares of 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 period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of 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 period. Tower Research Capital LLC TRC boosted its holdings in shares of 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 period. UBS Asset Management Americas Inc. boosted its holdings in shares of 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 period. Finally, Spinnaker Trust boosted its holdings in shares of 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 period.

COPYRIGHT VIOLATION WARNING: “Traders Buy Consumer Staples Select Sect. SPDR (XLP) on Weakness” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/traders-buy-consumer-staples-select-sect-spdr-xlp-on-weakness.html.

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.<

The stock has a 50 day moving average of $54.66 and a 200 day moving average of $55.18.

The business also recently announced a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 18th were issued a $0.346 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, September 15th.

Several institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in shares of 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 period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of 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 period. Tower Research Capital LLC TRC boosted its holdings in shares of 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 period. UBS Asset Management Americas Inc. boosted its holdings in shares of 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 period. Finally, Spinnaker Trust boosted its holdings in shares of 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 period.

COPYRIGHT VIOLATION WARNING: “Traders Buy Consumer Staples Select Sect. SPDR (XLP) on Weakness” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/traders-buy-consumer-staples-select-sect-spdr-xlp-on-weakness.html.

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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