Consumer Staples Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLP)

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) saw some unusual options trading on Tuesday. Stock traders acquired 157,043 put options on the stock. This represents an increase of 116% compared to the average volume of 72,728 put options.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

A number of hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in shares of Consumer Staples Select Sector SPDR Fund by 5.4% in the first quarter. Bank of America Corp DE now owns 24,702,456 shares of the exchange traded fund’s stock worth $2,025,107,000 after acquiring an additional 1,275,550 shares during the period. Two Sigma Investments LP boosted its stake in shares of Consumer Staples Select Sector SPDR Fund by 242.5% in the third quarter. Two Sigma Investments LP now owns 6,247,272 shares of the exchange traded fund’s stock worth $489,599,000 after acquiring an additional 4,423,172 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Consumer Staples Select Sector SPDR Fund by 12.2% in the fourth quarter. Wells Fargo & Company MN now owns 5,164,547 shares of the exchange traded fund’s stock worth $401,182,000 after acquiring an additional 563,063 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Consumer Staples Select Sector SPDR Fund by 8.1% in the fourth quarter. Raymond James Financial Inc. now owns 4,994,420 shares of the exchange traded fund’s stock worth $387,967,000 after acquiring an additional 372,614 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Consumer Staples Select Sector SPDR Fund by 35.4% in the second quarter. Ameriprise Financial Inc. now owns 3,926,046 shares of the exchange traded fund’s stock worth $317,875,000 after acquiring an additional 1,025,936 shares during the period.

Consumer Staples Select Sector SPDR Fund Trading Up 1.7%

NYSEARCA XLP traded up $1.42 on Tuesday, hitting $84.49. 5,178,450 shares of the company traded hands, compared to its average volume of 17,613,861. The company has a market capitalization of $14.66 billion, a price-to-earnings ratio of 20.82 and a beta of 0.47. The business’s 50 day moving average price is $83.15 and its 200-day moving average price is $82.60. Consumer Staples Select Sector SPDR Fund has a 52-week low of $75.16 and a 52-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.