Traders Purchase High Volume of Consumer Staples Select Sector SPDR Fund Put Options (NYSEARCA:XLP)

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the target of some unusual options trading activity on Monday. Investors acquired 152,402 put options on the company. This is an increase of approximately 484% compared to the average daily volume of 26,097 put options.

Consumer Staples Select Sector SPDR Fund Price Performance

XLP stock traded up $0.69 on Monday, reaching $84.12. 3,429,670 shares of the company traded hands, compared to its average volume of 14,615,879. The firm has a fifty day simple moving average of $84.02 and a 200-day simple moving average of $83.79. The company has a market cap of $13.90 billion, a P/E ratio of 20.82 and a beta of 0.47. Consumer Staples Select Sector SPDR Fund has a one year low of $75.16 and a one year high of $90.14.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Eastern Bank boosted its holdings 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 purchasing 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 during the 2nd quarter valued at about $26,000. NBH Bank purchased a new position in shares of Consumer Staples Select Sector SPDR Fund in the second quarter worth approximately $27,000. Financial Management Professionals Inc. purchased a new stake in Consumer Staples Select Sector SPDR Fund during the second quarter valued at approximately $33,000. Finally, Albion Financial Group UT bought a new position in Consumer Staples Select Sector SPDR Fund in the second quarter worth approximately $43,000.

About Consumer Staples Select Sector SPDR Fund

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.