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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) saw some unusual options trading activity on Friday. Stock traders acquired 152,925 put options on the company. This is an increase of approximately 224% compared to the typical volume of 47,179 put options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC lifted its holdings in Consumer Staples Select Sector SPDR Fund by 4.6% during the first quarter. AQR Capital Management LLC now owns 17,777 shares of the exchange traded fund’s stock valued at $1,452,000 after purchasing an additional 784 shares in the last quarter. Ignite Planners LLC lifted its stake in Consumer Staples Select Sector SPDR Fund by 0.7% in the 2nd quarter. Ignite Planners LLC now owns 25,738 shares of the exchange traded fund’s stock valued at $2,082,000 after buying an additional 182 shares in the last quarter. Apollon Wealth Management LLC boosted its holdings in Consumer Staples Select Sector SPDR Fund by 6.4% in the 2nd quarter. Apollon Wealth Management LLC now owns 4,818 shares of the exchange traded fund’s stock worth $390,000 after buying an additional 289 shares during the last quarter. CWM LLC increased its stake in Consumer Staples Select Sector SPDR Fund by 11.1% during the 2nd quarter. CWM LLC now owns 37,031 shares of the exchange traded fund’s stock worth $2,998,000 after buying an additional 3,692 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Consumer Staples Select Sector SPDR Fund by 12.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 54,217 shares of the exchange traded fund’s stock valued at $4,390,000 after acquiring an additional 5,900 shares during the last quarter.

Consumer Staples Select Sector SPDR Fund Stock Up 0.3%

XLP stock opened at $89.51 on Friday. Consumer Staples Select Sector SPDR Fund has a 52-week low of $75.16 and a 52-week high of $90.06. The firm has a market cap of $17.32 billion, a P/E ratio of 20.82 and a beta of 0.53. The company’s 50-day simple moving average is $81.30 and its 200-day simple moving average is $79.94.

Consumer Staples Select Sector SPDR Fund Company Profile

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.