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 recipient of some unusual options trading on Tuesday. Investors acquired 36,972 put options on the stock. This represents an increase of 31% compared to the average volume of 28,180 put options.

Institutional Trading of Consumer Staples Select Sector SPDR Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Eastern Bank increased its holdings in shares of 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 period. Bank of Jackson Hole Trust purchased a new position in Consumer Staples Select Sector SPDR Fund during the fourth quarter worth about $25,000. Signature Resources Capital Management LLC grew its position in Consumer Staples Select Sector SPDR Fund by 325.0% during the fourth quarter. Signature Resources Capital Management LLC now owns 340 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 260 shares in the last quarter. Ankerstar Wealth LLC bought a new position in Consumer Staples Select Sector SPDR Fund in the 4th quarter worth about $28,000. Finally, Piscataqua Savings Bank increased its stake in Consumer Staples Select Sector SPDR Fund by 47.3% in the 4th quarter. Piscataqua Savings Bank now owns 405 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 130 shares during the last quarter.

Consumer Staples Select Sector SPDR Fund Trading Down 2.3%

Shares of Consumer Staples Select Sector SPDR Fund stock traded down $2.04 on Thursday, reaching $85.32. The stock had a trading volume of 10,551,543 shares, compared to its average volume of 16,253,258. The business’s 50 day moving average is $84.19 and its two-hundred day moving average is $84.22. Consumer Staples Select Sector SPDR Fund has a 1 year low of $75.16 and a 1 year high of $90.14. The company has a market cap of $14.78 billion, a P/E ratio of 20.82 and a beta of 0.47.

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.