Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Stock Sees Unusually High Put Option Buying

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the target of some unusual options trading on Wednesday. Investors bought 53,819 put options on the stock. This represents an increase of 58% compared to the average volume of 34,067 put options.

Institutional Investors Weigh In On Consumer Staples Select Sector SPDR Fund

Institutional investors have recently modified their holdings of the company. Integrity Alliance LLC. boosted its stake in Consumer Staples Select Sector SPDR Fund by 9.5% during the third quarter. Integrity Alliance LLC. now owns 15,863 shares of the exchange traded fund’s stock worth $1,279,000 after acquiring an additional 1,375 shares in the last quarter. First Nebraska Trust Co bought a new stake in Consumer Staples Select Sector SPDR Fund in the third quarter valued at $359,000. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of Consumer Staples Select Sector SPDR Fund by 7.4% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 525,334 shares of the exchange traded fund’s stock valued at $42,342,000 after purchasing an additional 36,172 shares during the period. MBA Advisors LLC raised its holdings in shares of Consumer Staples Select Sector SPDR Fund by 33.3% during the third quarter. MBA Advisors LLC now owns 8,694 shares of the exchange traded fund’s stock valued at $701,000 after purchasing an additional 2,174 shares during the period. Finally, Salomon & Ludwin LLC boosted its position in shares of Consumer Staples Select Sector SPDR Fund by 1.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 114,779 shares of the exchange traded fund’s stock worth $9,251,000 after purchasing an additional 1,721 shares in the last quarter.

Consumer Staples Select Sector SPDR Fund Stock Performance

NYSEARCA:XLP opened at $88.18 on Friday. The company has a market capitalization of $14.80 billion, a PE ratio of 20.82 and a beta of 0.47. The company has a 50 day simple moving average of $84.52 and a two-hundred day simple moving average of $84.39. Consumer Staples Select Sector SPDR Fund has a fifty-two week low of $75.16 and a fifty-two week high of $90.14.

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.