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NYSEARCA:XLP

Consumer Staples Select Sector SPDR Fund (XLP) Price, Holdings, & News

$77.75
-0.30 (-0.38%)
(As of 03:21 PM ET)
Today's Range
$77.65
$78.25
50-Day Range
$73.08
$78.40
52-Week Range
$65.18
$78.61
Volume
4.95 million shs
Average Volume
12.47 million shs
Market Capitalization
$14.64 billion
Assets Under Management
$15.51 billion
Dividend Yield
2.37%
Net Expense Ratio
0.10%
XLP stock logo

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. 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. In addition, the Fund may invest in cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by SSgA Funds Management, Inc. (SSgA FM). It invests in industries, such as food & staples retailing, household products, food products, tobacco, beverages and personal products. SSgA FM serves as the investment adviser to the Fund.

XLP Stock Price History

XLP ETF News Headlines

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Fund Details

Issuer
SSgA
Fund Name
Consumer Staples Select Sector SPDR Fund
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:XLP
Inception Date
12/16/1998
Fund Manager
Mike Feehily, Karl Schneider, David Chin

Fund Focus

Asset Class
Equity
Benchmark
S&P Consumer Staples Select Sector Index
Category
Sector
Focus
Consumer Staples
Development Level
Developed Markets
Region
North America
Number of Holdings
39

Fund Statistics

Assets Under Management
$15.51 billion
Average Daily Volume
$10.95 million
Discount/Premium
-0.02%

Administrator, Advisor and Custodian

Administrator
State Street Bank and Trust Company
Advisor
SSgA Funds Management, Inc.
Custodian
State Street Bank and Trust Company
Distributor
ALPS Portfolio Solutions Distributor, Inc.
Transfer Agent
State Street Bank and Trust Company
Trustee
N/A
Lead Market Maker
IMC

Options

Optionable
Optionable
Options Volume
4,234
Put Options
2,853
Call Options
1,381
Short Interest
30,310,000 shs

Miscellaneous

Beta
0.45
Creation Unit
50,000
Creation Fee
$500.00
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Consumer Staples Select Sector SPDR Fund Expenses

TypeXLPConsumer Staples ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.03%0.43%0.54%0.51%0.51%
Other Expenses0.07%1.15%0.54%0.64%0.58%
Total Expense0.10%1.04%0.70%0.74%0.70%
Fee Waiver0.00%-1.82%-0.54%-0.68%-0.56%
Net Expense0.10%0.51%0.60%0.58%0.58%

Consumer Staples Select Sector SPDR Fund (XLP) Holdings & Exposure

XLP Sector Exposure

XLP Industry Exposure

Key Executives

  • George R. Gaspari (Age 76)
    Chairman of the Board of Trustees
  • James E. Ross
    President, Trustee
  • Chad C. Hallett (Age 47)
    Principal Financial Officer, Treasurer
  • Jacqueline Angell (Age 39)
    Chief Compliance Officer
  • Michael P. Riley (Age 44)
    Vice President
  • Matthew W Flaherty
    Assistant Treasurer
  • Ryan M. Louvar (Age 42)
    Secretary
  • Mark E. Tuttle (Age 43)
    Assistant Secretary
  • Cheryl Burgermeister
    Trustee
  • Ernest J. Scalberg (Age 70)
    Trustee

Should I Buy Consumer Staples Select Sector SPDR Fund Stock? XLP Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Consumer Staples Select Sector SPDR Fund:

  • Consumer Staples sector tends to be defensive, providing stability during market downturns due to the consistent demand for essential products like food, beverages, and household goods.
  • Consumer Staples Select Sector SPDR Fund offers diversification across various sub-industries within the consumer staples sector, reducing specific risk associated with individual companies.
  • Historically, consumer staples have shown resilience during economic uncertainties, making them a reliable choice for risk-averse investors seeking steady returns.
  • The fund may provide a steady stream of dividends, as many companies in the consumer staples sector are known for their consistent dividend payments, offering income potential to investors.
  • Current stock price of the Consumer Staples Select Sector SPDR Fund reflects a reasonable valuation compared to historical averages, potentially presenting a good entry point for investors.

Cons

Investors should be bearish about investing in Consumer Staples Select Sector SPDR Fund for these reasons:

  • Consumer staples companies may face challenges in passing on increased costs to consumers, impacting profit margins, especially in environments of rising inflation.
  • During periods of strong economic growth, consumer staples stocks may underperform more cyclical sectors, potentially limiting capital appreciation opportunities for investors.
  • Consumer preferences and trends can shift rapidly, requiring companies in the sector to constantly innovate and adapt, which could lead to increased competition and margin pressures.
  • Interest rate hikes by central banks could negatively impact consumer staples stocks, as higher borrowing costs may squeeze profit margins and reduce investor appetite for defensive assets.
  • Consumer Staples Select Sector SPDR Fund may have limited growth potential compared to sectors with higher growth prospects, potentially resulting in lower overall returns for investors seeking capital appreciation.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 2, 2024. Please send any questions or comments about these Consumer Staples Select Sector SPDR Fund pros and cons to contact@marketbeat.com.

XLP ETF - Frequently Asked Questions

How have XLP shares performed in 2024?

Consumer Staples Select Sector SPDR Fund's stock was trading at $72.03 on January 1st, 2024. Since then, XLP stock has increased by 8.4% and is now trading at $78.05.
View the best growth stocks for 2024 here
.

What does XLP invest in?

Consumer Staples Select Sector SPDR Fund is a equity fund issued by SSgA. XLP focuses on consumer staples investments and follows the S&P Consumer Staples Select Sector Index. The fund's investments total to approximately $15.51 billion assets under management.

What stocks does Consumer Staples Select Sector SPDR Fund hold?
What is the management fee for Consumer Staples Select Sector SPDR Fund?

Consumer Staples Select Sector SPDR Fund's management fee is 0.03% and has other expenses of 0.07%. The net expense ratio for XLP is 0.10%.

Who are Consumer Staples Select Sector SPDR Fund's major shareholders?

Consumer Staples Select Sector SPDR Fund's stock is owned by many different retail and institutional investors. Top institutional investors include Harel Insurance Investments & Financial Services Ltd. (1.84%), Raymond James & Associates (1.48%), Janney Montgomery Scott LLC (1.14%), CHURCHILL MANAGEMENT Corp (0.48%), Raymond James Financial Services Advisors Inc. (0.45%) and Cetera Investment Advisers (0.42%).

How do I buy shares of Consumer Staples Select Sector SPDR Fund?

Shares of XLP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEARCA:XLP) was last updated on 6/7/2024 by MarketBeat.com Staff

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