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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) saw some unusual options trading activity on Tuesday. Traders bought 170,298 put options on the company. This is an increase of approximately 191% compared to the typical volume of 58,564 put options.

Consumer Staples Select Sector SPDR Fund Price Performance

NYSEARCA:XLP traded down $0.75 during trading hours on Tuesday, reaching $87.96. 29,885,127 shares of the company were exchanged, compared to its average volume of 22,929,523. The firm has a market cap of $17.02 billion, a price-to-earnings ratio of 20.82 and a beta of 0.53. The stock has a 50 day simple moving average of $83.50 and a 200 day simple moving average of $80.50. Consumer Staples Select Sector SPDR Fund has a 52-week low of $75.16 and a 52-week high of $90.14.

Institutional Investors Weigh In On Consumer Staples Select Sector SPDR Fund

A number of institutional investors have recently added to or reduced their stakes in XLP. Bank of Jackson Hole Trust acquired a new stake in Consumer Staples Select Sector SPDR Fund during the 4th quarter valued at $25,000. Signature Resources Capital Management LLC boosted its position in 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 buying an additional 260 shares during the last quarter. Pacifica Partners Inc. boosted its position 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 valued at $27,000 after buying an additional 215 shares during the last quarter. Ankerstar Wealth LLC acquired a new stake in shares of Consumer Staples Select Sector SPDR Fund during the fourth quarter valued at about $28,000. Finally, Piscataqua Savings Bank increased its position in shares of 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 last quarter.

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.