CIBC World Markets Inc. lowered its stake in shares of Consumer Staples Select Sect. SPDR (NYSE:XLP) by 19.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,821 shares of the exchange traded fund’s stock after selling 35,326 shares during the quarter. CIBC World Markets Inc.’s holdings in Consumer Staples Select Sect. SPDR were worth $8,231,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mutual of Omaha Bank Wealth Management purchased a new position in shares of Consumer Staples Select Sect. SPDR during the second quarter worth about $207,000. Lucas Capital Management grew its holdings in shares of Consumer Staples Select Sect. SPDR by 2.6% during the second quarter. Lucas Capital Management now owns 3,995 shares of the exchange traded fund’s stock worth $219,000 after buying an additional 100 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Consumer Staples Select Sect. SPDR by 1,374.1% during the second quarter. Sei Investments Co. now owns 4,039 shares of the exchange traded fund’s stock worth $222,000 after buying an additional 3,765 shares during the last quarter. CAPROCK Group Inc. purchased a new position in shares of Consumer Staples Select Sect. SPDR during the second quarter worth about $226,000. Finally, Ballentine Partners LLC grew its holdings in shares of Consumer Staples Select Sect. SPDR by 118.3% during the second quarter. Ballentine Partners LLC now owns 4,535 shares of the exchange traded fund’s stock worth $251,000 after buying an additional 2,458 shares during the last quarter.

Consumer Staples Select Sect. SPDR (XLP) opened at 55.09 on Friday. The company’s 50 day moving average price is $55.17 and its 200-day moving average price is $55.27. Consumer Staples Select Sect. SPDR has a 12-month low of $49.98 and a 12-month high of $57.36.

ILLEGAL ACTIVITY WARNING: “CIBC World Markets Inc. Reduces Holdings in Consumer Staples Select Sect. SPDR (XLP)” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/09/cibc-world-markets-inc-reduces-holdings-in-consumer-staples-select-sect-spdr-xlp.html.

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.

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.