Investors Purchase High Volume of Consumer Staples Select Sector SPDR Fund Put Options (NYSEARCA:XLP)

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the target of unusually large options trading activity on Thursday. Stock investors purchased 104,808 put options on the stock. This is an increase of approximately 122% compared to the typical daily volume of 47,260 put options.

Institutional Investors Weigh In On Consumer Staples Select Sector SPDR Fund

A number of hedge funds have recently added to or reduced their stakes in XLP. Bank of America Corp DE grew its stake in shares of Consumer Staples Select Sector SPDR Fund by 5.4% in the first quarter. Bank of America Corp DE now owns 24,702,456 shares of the exchange traded fund’s stock worth $2,025,107,000 after acquiring an additional 1,275,550 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of Consumer Staples Select Sector SPDR Fund in the first quarter valued at $120,192,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Consumer Staples Select Sector SPDR Fund in the third quarter valued at $82,558,000. State Street Corp boosted its holdings in Consumer Staples Select Sector SPDR Fund by 70.6% in the second quarter. State Street Corp now owns 621,446 shares of the exchange traded fund’s stock valued at $51,624,000 after purchasing an additional 257,266 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management boosted its holdings in Consumer Staples Select Sector SPDR Fund by 7.4% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 525,334 shares of the exchange traded fund’s stock valued at $42,342,000 after purchasing an additional 36,172 shares during the period.

Consumer Staples Select Sector SPDR Fund Stock Performance

NYSEARCA XLP opened at $91.45 on Thursday. The firm has a 50 day simple moving average of $85.40 and a 200-day simple moving average of $84.78. Consumer Staples Select Sector SPDR Fund has a one year low of $76.22 and a one year high of $93.40. The firm has a market cap of $15.14 billion, a price-to-earnings ratio of 20.82 and a beta of 0.45.

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.