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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLPGet Rating) was the target of some unusual options trading on Friday. Stock investors acquired 35,191 put options on the company. This represents an increase of approximately 40% compared to the average volume of 25,068 put options.

Institutional Trading of Consumer Staples Select Sector SPDR Fund

A number of institutional investors have recently bought and sold shares of XLP. Envestnet Asset Management Inc. boosted its position in Consumer Staples Select Sector SPDR Fund by 319.1% during the third quarter. Envestnet Asset Management Inc. now owns 4,158,967 shares of the exchange traded fund’s stock valued at $277,528,000 after purchasing an additional 3,166,718 shares during the last quarter. Truist Financial Corp lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 367.1% in the third quarter. Truist Financial Corp now owns 3,224,394 shares of the exchange traded fund’s stock worth $215,163,000 after buying an additional 2,534,021 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 873.3% in the third quarter. Janney Montgomery Scott LLC now owns 2,712,749 shares of the exchange traded fund’s stock worth $181,022,000 after buying an additional 2,434,045 shares during the last quarter. Raymond James & Associates lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 290.2% in the third quarter. Raymond James & Associates now owns 3,091,635 shares of the exchange traded fund’s stock worth $206,306,000 after buying an additional 2,299,337 shares during the last quarter. Finally, WestEnd Advisors LLC lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 535,873.1% in the third quarter. WestEnd Advisors LLC now owns 2,009,899 shares of the exchange traded fund’s stock worth $134,121,000 after buying an additional 2,009,524 shares during the last quarter.

Consumer Staples Select Sector SPDR Fund Trading Up 0.8 %

Shares of XLP stock opened at $72.62 on Friday. Consumer Staples Select Sector SPDR Fund has a 1-year low of $66.18 and a 1-year high of $81.34. The stock’s fifty day simple moving average is $75.09 and its 200-day simple moving average is $73.23.

About Consumer Staples Select Sector SPDR Fund

(Get Rating)

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.

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