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 on Thursday. Investors purchased 104,808 put options on the stock. This represents an increase of approximately 122% compared to the typical volume of 47,260 put options.

Institutional Trading of Consumer Staples Select Sector SPDR Fund

Several hedge funds have recently added to or reduced their stakes in XLP. Eastern Bank lifted its stake in Consumer Staples Select Sector SPDR Fund by 554.3% in the second quarter. Eastern Bank now owns 301 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 255 shares during the last quarter. Centrica Wealth Management LLC purchased a new stake in shares of Consumer Staples Select Sector SPDR Fund in the 2nd quarter valued at approximately $26,000. NBH Bank purchased a new stake in shares of Consumer Staples Select Sector SPDR Fund in the 2nd quarter valued at approximately $27,000. Foresight Capital Management Advisors Inc. purchased a new stake in shares of Consumer Staples Select Sector SPDR Fund in the 3rd quarter valued at approximately $26,000. Finally, MADDEN SECURITIES Corp acquired a new stake in shares of Consumer Staples Select Sector SPDR Fund in the 3rd quarter valued at $28,000.

Consumer Staples Select Sector SPDR Fund Stock Performance

Shares of Consumer Staples Select Sector SPDR Fund stock opened at $91.45 on Thursday. Consumer Staples Select Sector SPDR Fund has a one year low of $76.22 and a one year high of $93.40. The company has a market cap of $15.14 billion, a PE ratio of 20.82 and a beta of 0.45. The business has a 50-day simple moving average of $85.40 and a 200-day simple moving average of $84.78.

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.