Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Sees Strong Trading Volume

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) saw strong trading volume on Monday . 17,920,053 shares were traded during trading, an increase of 36% from the previous session’s volume of 13,175,657 shares.The stock last traded at $62.14 and had previously closed at $62.00.

The company has a fifty day moving average price of $61.18 and a 200-day moving average price of $59.94.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Resources Investment Advisors LLC. acquired a new position in shares of Consumer Staples Select Sector SPDR Fund during the 2nd quarter valued at about $30,000. Quest Capital Management Inc. ADV acquired a new stake in Consumer Staples Select Sector SPDR Fund in the 3rd quarter worth approximately $30,000. Doyle Wealth Management bought a new stake in Consumer Staples Select Sector SPDR Fund during the second quarter worth approximately $31,000. Independence Bank of Kentucky bought a new stake in Consumer Staples Select Sector SPDR Fund during the third quarter worth approximately $32,000. Finally, Farmers & Merchants Investments Inc. grew its holdings in Consumer Staples Select Sector SPDR Fund by 375.2% during the third quarter. Farmers & Merchants Investments Inc. now owns 594 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 469 shares during the last quarter.

About Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP)

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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