Traders Sell Shares of Consumer Staples Select Sect. SPDR (XLP) on Strength (XLP)

Investors sold shares of Consumer Staples Select Sect. SPDR (NYSE:XLP) on strength during trading on Friday. $40.33 million flowed into the stock on the tick-up and $321.36 million flowed out of the stock on the tick-down, for a money net flow of $281.03 million out of the stock. Of all equities tracked, Consumer Staples Select Sect. SPDR had the 0th highest net out-flow for the day. Consumer Staples Select Sect. SPDR traded up $0.10 for the day and closed at $55.22

The stock has a 50-day moving average of $55.19 and a 200-day moving average of $55.28.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 18th will be given a $0.346 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, September 15th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. U S Global Investors Inc. purchased a new position in shares of Consumer Staples Select Sect. SPDR in the 2nd quarter valued at $192,000. L & S Advisors Inc purchased a new position in Consumer Staples Select Sect. SPDR during the 2nd quarter worth $205,000. Mutual of Omaha Bank Wealth Management purchased a new position in Consumer Staples Select Sect. SPDR during the 2nd quarter worth $207,000. Lucas Capital Management grew its position in Consumer Staples Select Sect. SPDR by 2.6% during the 2nd quarter. Lucas Capital Management now owns 3,995 shares of the exchange traded fund’s stock worth $219,000 after purchasing an additional 100 shares during the last quarter. Finally, Sei Investments Co. grew its position in Consumer Staples Select Sect. SPDR by 1,374.1% during the 2nd quarter. Sei Investments Co. now owns 4,039 shares of the exchange traded fund’s stock worth $222,000 after purchasing an additional 3,765 shares during the last quarter.

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About Consumer Staples Select Sect. SPDR

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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