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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 36,972 put options on the stock. This represents an increase of 31% compared to the typical daily volume of 28,180 put options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC raised its holdings in Consumer Staples Select Sector SPDR Fund by 4.6% in the 1st quarter. AQR Capital Management LLC now owns 17,777 shares of the exchange traded fund’s stock valued at $1,452,000 after acquiring an additional 784 shares during the period. Schnieders Capital Management LLC. bought a new stake in shares of Consumer Staples Select Sector SPDR Fund during the second quarter worth approximately $464,000. Russell Investments Group Ltd. grew its position in shares of Consumer Staples Select Sector SPDR Fund by 52.6% in the second quarter. Russell Investments Group Ltd. now owns 2,065 shares of the exchange traded fund’s stock valued at $167,000 after purchasing an additional 712 shares during the last quarter. First Trust Advisors LP grew its position in shares of Consumer Staples Select Sector SPDR Fund by 65.3% in the second quarter. First Trust Advisors LP now owns 43,809 shares of the exchange traded fund’s stock valued at $3,547,000 after purchasing an additional 17,303 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of Consumer Staples Select Sector SPDR Fund during the second quarter worth approximately $2,397,000.

Consumer Staples Select Sector SPDR Fund Stock Up 2.5%

Shares of XLP traded up $2.15 during trading hours on Tuesday, hitting $87.51. The company had a trading volume of 11,492,746 shares, compared to its average volume of 16,216,471. The firm has a market cap of $14.68 billion, a price-to-earnings ratio of 20.82 and a beta of 0.47. The business has a fifty day moving average of $84.14 and a 200-day moving average of $84.08. Consumer Staples Select Sector SPDR Fund has a 12 month low of $75.16 and a 12 month high of $90.14.

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.