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 on Friday. Investors acquired 60,123 put options on the stock. This represents an increase of 137% compared to the typical volume of 25,398 put options.

Consumer Staples Select Sector SPDR Fund Stock Performance

Shares of Consumer Staples Select Sector SPDR Fund stock traded up $0.90 on Friday, reaching $83.03. 9,971,281 shares of the company were exchanged, compared to its average volume of 20,436,725. The firm has a market cap of $15.98 billion, a price-to-earnings ratio of 20.82 and a beta of 0.53. Consumer Staples Select Sector SPDR Fund has a 1-year low of $75.16 and a 1-year high of $84.35. The company’s 50-day moving average is $79.43 and its two-hundred day moving average is $79.49.

Institutional Investors Weigh In On Consumer Staples Select Sector SPDR Fund

Several institutional investors have recently bought and sold shares of the stock. Simplicity Wealth LLC lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 17.6% in the fourth quarter. Simplicity Wealth LLC now owns 18,228 shares of the exchange traded fund’s stock worth $1,416,000 after purchasing an additional 2,732 shares in the last quarter. Keybank National Association OH lifted its stake in shares of Consumer Staples Select Sector SPDR Fund by 3.7% in the 4th quarter. Keybank National Association OH now owns 28,039 shares of the exchange traded fund’s stock valued at $2,178,000 after purchasing an additional 990 shares during the last quarter. United Community Bank boosted its stake in shares of Consumer Staples Select Sector SPDR Fund by 60.7% during the 4th quarter. United Community Bank now owns 675 shares of the exchange traded fund’s stock worth $52,000 after acquiring an additional 255 shares in the last quarter. Wealthfront Advisers LLC boosted its position in Consumer Staples Select Sector SPDR Fund by 31.7% during the fourth quarter. Wealthfront Advisers LLC now owns 40,221 shares of the exchange traded fund’s stock worth $3,124,000 after purchasing an additional 9,678 shares during the period. Finally, Comerica Bank boosted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 2.8% during the 4th quarter. Comerica Bank now owns 74,843 shares of the exchange traded fund’s stock worth $5,814,000 after buying an additional 2,021 shares during the period.

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.