Patriot Wealth Management Inc. Buys 6,161 Shares of Consumer Staples Select Sect. SPDR (XLP)

Patriot Wealth Management Inc. grew its stake in shares of Consumer Staples Select Sect. SPDR (NYSEARCA:XLP) by 2.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 320,192 shares of the exchange traded fund’s stock after purchasing an additional 6,161 shares during the period. Consumer Staples Select Sect. SPDR accounts for approximately 2.6% of Patriot Wealth Management Inc.’s holdings, making the stock its 6th biggest position. Patriot Wealth Management Inc.’s holdings in Consumer Staples Select Sect. SPDR were worth $18,216,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. U S Global Investors Inc. acquired a new position in shares of Consumer Staples Select Sect. SPDR during the second quarter valued at about $192,000. Brighton Jones LLC acquired a new position in shares of Consumer Staples Select Sect. SPDR during the third quarter valued at about $201,000. L & S Advisors Inc acquired a new position in shares of Consumer Staples Select Sect. SPDR during the second quarter valued at about $205,000. Peapack Gladstone Financial Corp raised its position in shares of Consumer Staples Select Sect. SPDR by 5.0% during the second quarter. Peapack Gladstone Financial Corp now owns 4,616 shares of the exchange traded fund’s stock valued at $254,000 after buying an additional 220 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA raised its position in shares of Consumer Staples Select Sect. SPDR by 12.0% during the second quarter. San Francisco Sentry Investment Group CA now owns 4,637 shares of the exchange traded fund’s stock valued at $255,000 after buying an additional 496 shares during the last quarter.

Consumer Staples Select Sect. SPDR (XLP) traded down $0.28 during trading hours on Wednesday, reaching $56.71. 9,663,462 shares of the company traded hands, compared to its average volume of 14,288,414. Consumer Staples Select Sect. SPDR has a 52-week low of $51.35 and a 52-week high of $57.36. The firm has a market capitalization of $8,800.00 and a price-to-earnings ratio of 8.32.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Monday, December 18th were given a $0.4177 dividend. This represents a $1.67 annualized dividend and a yield of 2.95%. The ex-dividend date was Friday, December 15th. This is a positive change from Consumer Staples Select Sect. SPDR’s previous quarterly dividend of $0.35. Consumer Staples Select Sect. SPDR’s dividend payout ratio is 21.85%.

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Consumer Staples Select Sect. SPDR 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.

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 (NYSEARCA:XLP).

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

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