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

Investors bought shares of Consumer Staples Select Sect. SPDR (NYSEARCA:XLP) on weakness during trading on Tuesday. $82.93 million flowed into the stock on the tick-up and $38.96 million flowed out of the stock on the tick-down, for a money net flow of $43.97 million into the stock. Of all companies tracked, Consumer Staples Select Sect. SPDR had the 8th highest net in-flow for the day. Consumer Staples Select Sect. SPDR traded down ($0.15) for the day and closed at $52.58

The firm has a market cap of $8,070.00 and a PE ratio of 7.71.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 19th will be given a $0.2986 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $1.19 annualized dividend and a yield of 2.27%. Consumer Staples Select Sect. SPDR’s dividend payout ratio (DPR) is 21.99%.

A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Consumer Staples Select Sect. SPDR by 146.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,541,009 shares of the exchange traded fund’s stock worth $461,385,000 after purchasing an additional 5,069,957 shares during the period. Swan Global Investments LLC raised its stake in shares of Consumer Staples Select Sect. SPDR by 5.4% during the 4th quarter. Swan Global Investments LLC now owns 7,277,999 shares of the exchange traded fund’s stock worth $414,118,000 after acquiring an additional 370,720 shares in the last quarter. Quantitative Investment Management LLC bought a new position in shares of Consumer Staples Select Sect. SPDR during the 4th quarter worth approximately $158,523,000. Two Sigma Advisers LP raised its stake in shares of Consumer Staples Select Sect. SPDR by 90.2% during the 4th quarter. Two Sigma Advisers LP now owns 2,171,300 shares of the exchange traded fund’s stock worth $123,525,000 after acquiring an additional 1,029,600 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Consumer Staples Select Sect. SPDR by 90.8% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,099,381 shares of the exchange traded fund’s stock worth $119,434,000 after acquiring an additional 998,964 shares in the last quarter.

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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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