Consumer Staples Select Sector SPDR Fund (XLP) to Distribute Quarterly Dividend of $0.57 on June 24th

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) declared a quarterly dividend on Wednesday, December 31st. Stockholders of record on Monday, June 22nd will be given a dividend of 0.5742 per share by the exchange traded fund on Wednesday, June 24th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, June 22nd. This is a 26.2% increase from Consumer Staples Select Sector SPDR Fund’s previous quarterly dividend of $0.45.

Consumer Staples Select Sector SPDR Fund Price Performance

Shares of XLP remained flat at $83.30 during trading hours on Friday. The stock had a trading volume of 10,445,016 shares, compared to its average volume of 17,391,424. The company has a market cap of $14.45 billion, a price-to-earnings ratio of 20.82 and a beta of 0.47. Consumer Staples Select Sector SPDR Fund has a 52 week low of $75.16 and a 52 week high of $90.14. The stock has a fifty day simple moving average of $83.64 and a two-hundred day simple moving average of $82.99.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Jackson Hole Trust bought a new stake in shares of Consumer Staples Select Sector SPDR Fund during the 4th quarter worth about $25,000. Signature Resources Capital Management LLC boosted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 325.0% in the fourth quarter. Signature Resources Capital Management LLC now owns 340 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 260 shares in the last quarter. Pacifica Partners Inc. boosted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 165.4% in the fourth quarter. Pacifica Partners Inc. now owns 345 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 215 shares in the last quarter. Ankerstar Wealth LLC acquired a new position in shares of Consumer Staples Select Sector SPDR Fund during the fourth quarter valued at approximately $28,000. Finally, Piscataqua Savings Bank increased its stake in shares of Consumer Staples Select Sector SPDR Fund by 47.3% during the fourth quarter. Piscataqua Savings Bank now owns 405 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 130 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.