Consumer Staples Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLP)

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the target of some unusual options trading on Wednesday. Investors acquired 31,254 call options on the company. This is an increase of 125% compared to the average volume of 13,915 call options.

Consumer Staples Select Sector SPDR Fund Trading Down 0.1 %

Shares of XLP stock traded down $0.05 during mid-day trading on Wednesday, reaching $76.70. The stock had a trading volume of 3,918,600 shares, compared to its average volume of 12,852,320. The business’s fifty day moving average is $75.14 and its 200-day moving average is $72.68. The firm has a market cap of $14.44 billion, a price-to-earnings ratio of 25.58 and a beta of 0.45. Consumer Staples Select Sector SPDR Fund has a 1-year low of $65.18 and a 1-year high of $77.34.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Navis Wealth Advisors LLC boosted its position in Consumer Staples Select Sector SPDR Fund by 0.6% during the first quarter. Navis Wealth Advisors LLC now owns 22,031 shares of the exchange traded fund’s stock worth $1,682,000 after purchasing an additional 133 shares in the last quarter. Roberts Wealth Advisors LLC increased its stake in Consumer Staples Select Sector SPDR Fund by 1.3% during the first quarter. Roberts Wealth Advisors LLC now owns 10,464 shares of the exchange traded fund’s stock worth $765,000 after acquiring an additional 139 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in Consumer Staples Select Sector SPDR Fund by 1.4% during the first quarter. Valeo Financial Advisors LLC now owns 10,572 shares of the exchange traded fund’s stock worth $803,000 after acquiring an additional 146 shares during the last quarter. Archer Investment Corp increased its stake in Consumer Staples Select Sector SPDR Fund by 15.7% during the third quarter. Archer Investment Corp now owns 1,084 shares of the exchange traded fund’s stock worth $75,000 after acquiring an additional 147 shares during the last quarter. Finally, Beacon Financial Advisory LLC grew its stake in shares of Consumer Staples Select Sector SPDR Fund by 2.4% in the fourth quarter. Beacon Financial Advisory LLC now owns 6,487 shares of the exchange traded fund’s stock valued at $467,000 after buying an additional 150 shares in 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.