Consumer Staples Select Sector SPDR Fund Sees Unusually Large Options Volume (NYSEARCA:XLP)

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the target of some unusual options trading activity on Tuesday. Investors acquired 36,972 put options on the stock. This represents an increase of 31% compared to the average volume of 28,180 put options.

Consumer Staples Select Sector SPDR Fund Stock Performance

Shares of XLP stock opened at $87.06 on Wednesday. The firm’s 50 day moving average price is $84.16 and its two-hundred day moving average price is $84.15. Consumer Staples Select Sector SPDR Fund has a 52-week low of $75.16 and a 52-week high of $90.14. The stock has a market cap of $15.08 billion, a PE ratio of 20.82 and a beta of 0.47.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in XLP. SouthState Bank Corp lifted its stake in Consumer Staples Select Sector SPDR Fund by 6.8% in the fourth quarter. SouthState Bank Corp now owns 1,791 shares of the exchange traded fund’s stock valued at $139,000 after buying an additional 114 shares during the period. Windsor Capital Management LLC grew its position in shares of Consumer Staples Select Sector SPDR Fund by 1.0% during the 2nd quarter. Windsor Capital Management LLC now owns 12,556 shares of the exchange traded fund’s stock worth $1,043,000 after buying an additional 123 shares during the period. Steigerwald Gordon & Koch Inc. grew its position 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 buying an additional 124 shares during the period. Caldwell Trust Co grew its position in shares of Consumer Staples Select Sector SPDR Fund by 7.7% during the 1st quarter. Caldwell Trust Co now owns 1,735 shares of the exchange traded fund’s stock worth $142,000 after buying an additional 124 shares during the period. Finally, Piscataqua Savings Bank increased its stake in shares of Consumer Staples Select Sector SPDR Fund by 47.3% in the 4th quarter. Piscataqua Savings Bank now owns 405 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 130 shares during the last quarter.

Consumer Staples Select Sector SPDR Fund 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. 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.