Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Sets New 12-Month High – Still a Buy?

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $84.51 and last traded at $84.5640, with a volume of 17205635 shares trading hands. The stock had previously closed at $83.51.

Consumer Staples Select Sector SPDR Fund Stock Performance

The company has a market cap of $16.83 billion, a price-to-earnings ratio of 20.82 and a beta of 0.53. The company’s 50 day moving average price is $80.01 and its 200 day moving average price is $79.61.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

Several institutional investors have recently bought and sold shares of XLP. Steigerwald Gordon & Koch Inc. boosted its stake in shares of Consumer Staples Select Sector SPDR Fund by 5.9% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 2,224 shares of the exchange traded fund’s stock worth $173,000 after acquiring an additional 124 shares in the last quarter. Nelson Capital Management LLC lifted its holdings in Consumer Staples Select Sector SPDR Fund by 0.5% in the 2nd quarter. Nelson Capital Management LLC now owns 27,654 shares of the exchange traded fund’s stock worth $2,239,000 after purchasing an additional 125 shares during the last quarter. Empirical Asset Management LLC boosted its position in Consumer Staples Select Sector SPDR Fund by 1.7% during the second quarter. Empirical Asset Management LLC now owns 7,323 shares of the exchange traded fund’s stock worth $593,000 after purchasing an additional 125 shares during the period. Navis Wealth Advisors LLC grew its holdings in Consumer Staples Select Sector SPDR Fund by 0.6% during the second quarter. Navis Wealth Advisors LLC now owns 22,641 shares of the exchange traded fund’s stock valued at $1,833,000 after purchasing an additional 129 shares during the last quarter. Finally, Piscataqua Savings Bank raised its position in shares of Consumer Staples Select Sector SPDR Fund by 47.3% in the fourth quarter. Piscataqua Savings Bank now owns 405 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 130 shares during the period.

About Consumer Staples Select Sector SPDR Fund

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.