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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the recipient of unusually large options trading on Wednesday. Stock investors bought 141,429 put options on the company. This represents an increase of approximately 93% compared to the average volume of 73,255 put options.

Consumer Staples Select Sector SPDR Fund Trading Down 2.4%

Shares of XLP stock opened at $82.64 on Thursday. Consumer Staples Select Sector SPDR Fund has a twelve month low of $75.16 and a twelve month high of $90.14. The stock has a market cap of $15.99 billion, a P/E ratio of 20.82 and a beta of 0.53. The stock has a 50 day moving average of $85.32 and a 200 day moving average of $80.81.

Institutional Trading of Consumer Staples Select Sector SPDR Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust purchased a new stake in shares of Consumer Staples Select Sector SPDR Fund during the 4th quarter worth about $25,000. Signature Resources Capital Management LLC increased its stake in shares of Consumer Staples Select Sector SPDR Fund by 325.0% in the 4th quarter. Signature Resources Capital Management LLC now owns 340 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 260 shares in the last quarter. Pacifica Partners Inc. raised its holdings in Consumer Staples Select Sector SPDR Fund by 165.4% in the 4th quarter. Pacifica Partners Inc. now owns 345 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 215 shares during the period. Ankerstar Wealth LLC acquired a new position in shares of Consumer Staples Select Sector SPDR Fund during the 4th quarter worth approximately $28,000. Finally, Piscataqua Savings Bank raised its position in Consumer Staples Select Sector SPDR Fund by 47.3% during the fourth 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 period.

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.