Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Sees Strong Trading Volume

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) shares saw unusually-high trading volume on Monday . Approximately 17,920,053 shares were traded during trading, an increase of 36% from the previous session’s volume of 13,175,657 shares.The stock last traded at $62.14 and had previously closed at $62.00.

The stock has a 50-day simple moving average of $61.18 and a 200-day simple moving average of $59.94.

Hedge funds have recently bought and sold shares of the stock. Man Group plc boosted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 88.7% during the third quarter. Man Group plc now owns 103,015 shares of the exchange traded fund’s stock valued at $6,327,000 after acquiring an additional 48,415 shares during the period. Prestige Wealth Management Group LLC lifted its position in Consumer Staples Select Sector SPDR Fund by 21.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 2,784 shares of the exchange traded fund’s stock valued at $171,000 after purchasing an additional 488 shares during the last quarter. KCM Investment Advisors LLC lifted its position in Consumer Staples Select Sector SPDR Fund by 7.2% in the 3rd quarter. KCM Investment Advisors LLC now owns 388,572 shares of the exchange traded fund’s stock valued at $23,866,000 after purchasing an additional 26,121 shares during the last quarter. Penserra Capital Management LLC acquired a new position in Consumer Staples Select Sector SPDR Fund during the 3rd quarter valued at about $278,000. Finally, Schafer Cullen Capital Management Inc boosted its stake in Consumer Staples Select Sector SPDR Fund by 1,006.9% during the 3rd quarter. Schafer Cullen Capital Management Inc now owns 101,351 shares of the exchange traded fund’s stock valued at $6,225,000 after purchasing an additional 92,195 shares during the period.

Consumer Staples Select Sector SPDR Fund Company Profile (NYSEARCA:XLP)

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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