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

Investors purchased shares of Consumer Staples Select Sect. SPDR (NYSEARCA:XLP) on weakness during trading on Wednesday. $169.75 million flowed into the stock on the tick-up and $63.47 million flowed out of the stock on the tick-down, for a money net flow of $106.28 million into the stock. Of all equities tracked, Consumer Staples Select Sect. SPDR had the 6th highest net in-flow for the day. Consumer Staples Select Sect. SPDR traded down ($0.11) for the day and closed at $51.56

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 20th. Stockholders of record on Monday, June 18th were paid a $0.3938 dividend. The ex-dividend date was Friday, June 15th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 3.06%. This is a positive change from Consumer Staples Select Sect. SPDR’s previous quarterly dividend of $0.30.

Large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in Consumer Staples Select Sect. SPDR by 20.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 14,282 shares of the exchange traded fund’s stock valued at $812,000 after buying an additional 2,424 shares during the period. UBS Asset Management Americas Inc. grew its position in Consumer Staples Select Sect. SPDR by 4.8% during the fourth quarter. UBS Asset Management Americas Inc. now owns 351,117 shares of the exchange traded fund’s stock valued at $19,975,000 after buying an additional 16,237 shares during the period. Baird Financial Group Inc. grew its position in Consumer Staples Select Sect. SPDR by 6.2% during the fourth quarter. Baird Financial Group Inc. now owns 18,450 shares of the exchange traded fund’s stock valued at $1,050,000 after buying an additional 1,074 shares during the period. Commerce Bank grew its position in Consumer Staples Select Sect. SPDR by 10.2% during the fourth quarter. Commerce Bank now owns 15,277 shares of the exchange traded fund’s stock valued at $869,000 after buying an additional 1,413 shares during the period. Finally, Florin Court Capital LLP grew its position in Consumer Staples Select Sect. SPDR by 82.3% during the fourth quarter. Florin Court Capital LLP now owns 174,600 shares of the exchange traded fund’s stock valued at $9,933,000 after buying an additional 78,800 shares during the period.

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.

Receive News & Ratings for Consumer Staples Select Sect. SPDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consumer Staples Select Sect. SPDR and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply