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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the target of unusually large options trading activity on Friday. Stock traders bought 37,091 put options on the company. This is an increase of approximately 40% compared to the typical volume of 26,404 put options.

Institutional Trading of Consumer Staples Select Sector SPDR Fund

Several institutional investors have recently added to or reduced their stakes in the business. Eastern Bank grew its position in shares of Consumer Staples Select Sector SPDR Fund by 554.3% during the 2nd quarter. Eastern Bank now owns 301 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 255 shares in the last quarter. Centrica Wealth Management LLC bought a new stake in Consumer Staples Select Sector SPDR Fund during the second quarter valued at about $26,000. NBH Bank bought a new stake in shares of Consumer Staples Select Sector SPDR Fund in the 2nd quarter valued at about $27,000. Hantz Financial Services Inc. boosted its stake in Consumer Staples Select Sector SPDR Fund by 1,262.1% in the fourth quarter. Hantz Financial Services Inc. now owns 395 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 366 shares in the last quarter. Finally, Financial Management Professionals Inc. purchased a new position in Consumer Staples Select Sector SPDR Fund in the second quarter worth $33,000.

Consumer Staples Select Sector SPDR Fund Price Performance

NYSEARCA XLP traded down $0.47 during trading hours on Friday, reaching $83.02. 4,501,633 shares of the stock traded hands, compared to its average volume of 14,950,758. The stock has a 50 day simple moving average of $84.95 and a two-hundred day simple moving average of $84.11. 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 $14.20 billion, a price-to-earnings ratio of 20.82 and a beta of 0.47.

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.