Traders Purchase Large Volume of Put Options on Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY)

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) was the recipient of some unusual options trading activity on Thursday. Stock investors acquired 28,100 put options on the stock. This is an increase of approximately 296% compared to the typical daily volume of 7,089 put options.

Institutional Investors Weigh In On Consumer Discretionary Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XLY. Bank of America Corp DE grew its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 98.6% in the 4th quarter. Bank of America Corp DE now owns 39,205,803 shares of the exchange traded fund’s stock valued at $4,681,565,000 after acquiring an additional 19,466,208 shares in the last quarter. Morgan Stanley raised its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 106.7% during the 4th quarter. Morgan Stanley now owns 7,340,011 shares of the exchange traded fund’s stock worth $876,471,000 after purchasing an additional 3,789,323 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 92.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,356,281 shares of the exchange traded fund’s stock valued at $520,184,000 after buying an additional 2,096,216 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 37.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,501,177 shares of the exchange traded fund’s stock valued at $1,630,231,000 after buying an additional 2,062,965 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 411.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,480,601 shares of the exchange traded fund’s stock valued at $296,197,000 after buying an additional 1,995,991 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Consumer Discretionary Select Sector SPDR Fund Stock Down 1.6%

XLY stock traded down $1.87 during trading hours on Thursday, hitting $112.27. The company’s stock had a trading volume of 5,721,959 shares, compared to its average volume of 11,687,704. Consumer Discretionary Select Sector SPDR Fund has a 12 month low of $86.55 and a 12 month high of $125.01. The stock has a 50 day moving average price of $119.03 and a two-hundred day moving average price of $118.71. The company has a market capitalization of $22.12 billion, a PE ratio of 27.10 and a beta of 1.21.

Consumer Discretionary Select Sector SPDR Fund Company Profile

Consumer Discretionary Select Sector SPDR Fund seeks to provide investment results that correspond generally to the price and yield performance of the Consumer Discretionary Select Sector Index (the Index). The Index includes companies from the following industries, media; retail (specialty, multiline, Internet and catalog); hotels, restaurants and leisure; textiles, apparel and luxury goods; household durables; automobiles; auto components; distributors; leisure equipment and products; and diversified consumer services.