Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Stock Sees Unusually High Put Option Buying

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) saw unusually large options trading activity on Wednesday. Traders bought 53,819 put options on the stock. This is an increase of 58% compared to the average daily volume of 34,067 put options.

Consumer Staples Select Sector SPDR Fund Price Performance

Shares of XLP stock traded down $0.24 during trading hours on Wednesday, reaching $86.91. The company had a trading volume of 6,799,020 shares, compared to its average volume of 14,707,468. The business has a fifty day simple moving average of $84.47 and a 200-day simple moving average of $84.31. Consumer Staples Select Sector SPDR Fund has a 12 month low of $75.16 and a 12 month high of $90.14. The company has a market cap of $14.59 billion, a price-to-earnings ratio of 20.82 and a beta of 0.47.

Institutional Trading of Consumer Staples Select Sector SPDR Fund

A number of large investors have recently bought and sold shares of the company. Outlook Wealth Advisors LLC raised its position in shares of Consumer Staples Select Sector SPDR Fund by 36.5% in the third quarter. Outlook Wealth Advisors LLC now owns 20,244 shares of the exchange traded fund’s stock valued at $1,632,000 after purchasing an additional 5,416 shares during the period. United Asset Strategies Inc. increased its stake in Consumer Staples Select Sector SPDR Fund by 5.0% in the third quarter. United Asset Strategies Inc. now owns 107,651 shares of the exchange traded fund’s stock valued at $8,677,000 after acquiring an additional 5,145 shares during the last quarter. D.A. Davidson & CO. lifted its position in Consumer Staples Select Sector SPDR Fund by 12.0% in the 3rd quarter. D.A. Davidson & CO. now owns 14,751 shares of the exchange traded fund’s stock worth $1,189,000 after buying an additional 1,575 shares during the last quarter. Hanseatic Management Services Inc. boosted its stake in shares of Consumer Staples Select Sector SPDR Fund by 6.6% in the 3rd quarter. Hanseatic Management Services Inc. now owns 26,033 shares of the exchange traded fund’s stock valued at $2,098,000 after purchasing an additional 1,605 shares in the last quarter. Finally, Stockman Wealth Management Inc. grew its stake in shares of Consumer Staples Select Sector SPDR Fund by 10.5% during the third quarter. Stockman Wealth Management Inc. now owns 58,476 shares of the exchange traded fund’s stock valued at $4,713,000 after buying an additional 5,537 shares during 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. 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.