Arrow Financial Corp cut its stake in shares of Consumer Staples Select Sect. SPDR (NYSE:XLP) by 15.7% during the second quarter, Holdings Channel reports. The fund owned 11,749 shares of the exchange traded fund’s stock after selling 2,196 shares during the period. Arrow Financial Corp’s holdings in Consumer Staples Select Sect. SPDR were worth $646,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Mutual of Omaha Bank Wealth Management bought a new stake in Consumer Staples Select Sect. SPDR during the second quarter valued at approximately $207,000. Lucas Capital Management increased its stake in Consumer Staples Select Sect. SPDR by 2.6% in the second quarter. Lucas Capital Management now owns 3,995 shares of the exchange traded fund’s stock valued at $219,000 after buying an additional 100 shares during the last quarter. Sei Investments Co. increased its stake in Consumer Staples Select Sect. SPDR by 1,374.1% in the second quarter. Sei Investments Co. now owns 4,039 shares of the exchange traded fund’s stock valued at $222,000 after buying an additional 3,765 shares during the last quarter. CAPROCK Group Inc. bought a new stake in Consumer Staples Select Sect. SPDR during the second quarter valued at approximately $226,000. Finally, Bessemer Group Inc. increased its stake in Consumer Staples Select Sect. SPDR by 185.0% in the second quarter. Bessemer Group Inc. now owns 4,585 shares of the exchange traded fund’s stock valued at $252,000 after buying an additional 2,976 shares during the last quarter.

Shares of Consumer Staples Select Sect. SPDR (NYSE XLP) opened at 55.22 on Wednesday. Consumer Staples Select Sect. SPDR has a 12-month low of $49.98 and a 12-month high of $57.36. The stock has a 50 day moving average price of $55.10 and a 200 day moving average price of $54.90.

COPYRIGHT VIOLATION WARNING: This piece was reported by Daily Political and is the property of of Daily Political. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2017/08/09/consumer-staples-select-sect-spdr-xlp-position-lowered-by-arrow-financial-corp.html.

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.

Want to see what other hedge funds are holding XLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Consumer Staples Select Sect. SPDR (NYSE:XLP).

Institutional Ownership by Quarter for Consumer Staples Select Sect. SPDR (NYSE:XLP)

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.