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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the recipient of some unusual options trading activity on Thursday. Stock investors purchased 31,879 put options on the company. This is an increase of approximately 134% compared to the average daily volume of 13,610 put options.

Consumer Staples Select Sector SPDR Fund Stock Performance

NYSEARCA:XLP opened at $74.33 on Friday. The stock has a 50-day simple moving average of $74.65 and a two-hundred day simple moving average of $71.63. The firm has a market capitalization of $17.85 billion, a PE ratio of 19.80 and a beta of 0.58. Consumer Staples Select Sector SPDR Fund has a 52-week low of $65.18 and a 52-week high of $77.82.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Carolinas Wealth Consulting LLC lifted its holdings in Consumer Staples Select Sector SPDR Fund by 57.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 380 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 138 shares in the last quarter. Navis Wealth Advisors LLC lifted its stake in shares of Consumer Staples Select Sector SPDR Fund by 0.6% during the 4th quarter. Navis Wealth Advisors LLC now owns 21,898 shares of the exchange traded fund’s stock valued at $1,577,000 after buying an additional 138 shares in the last quarter. Archer Investment Corp boosted its holdings in Consumer Staples Select Sector SPDR Fund by 15.7% in the 3rd quarter. Archer Investment Corp now owns 1,084 shares of the exchange traded fund’s stock worth $75,000 after buying an additional 147 shares during the period. Chilton Capital Management LLC increased its stake in Consumer Staples Select Sector SPDR Fund by 2.7% in the 4th quarter. Chilton Capital Management LLC now owns 5,578 shares of the exchange traded fund’s stock worth $416,000 after buying an additional 147 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in Consumer Staples Select Sector SPDR Fund by 7.0% during the third quarter. National Bank of Canada FI now owns 2,289 shares of the exchange traded fund’s stock valued at $156,000 after acquiring an additional 150 shares during the period.

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.