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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) saw unusually large options trading on Friday. Stock traders bought 152,925 put options on the company. This represents an increase of 224% compared to the average volume of 47,179 put options.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of Jackson Hole Trust bought a new stake in Consumer Staples Select Sector SPDR Fund in the 4th quarter valued at about $25,000. Signature Resources Capital Management LLC raised its position in shares of Consumer Staples Select Sector SPDR Fund by 325.0% in the fourth quarter. Signature Resources Capital Management LLC now owns 340 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 260 shares during the period. Pacifica Partners Inc. raised its position in shares of Consumer Staples Select Sector SPDR Fund by 165.4% in the fourth quarter. Pacifica Partners Inc. now owns 345 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 215 shares during the period. Ankerstar Wealth LLC purchased a new stake in shares of Consumer Staples Select Sector SPDR Fund during the 4th quarter valued at approximately $28,000. Finally, Piscataqua Savings Bank boosted its holdings in Consumer Staples Select Sector SPDR Fund by 47.3% in the 4th quarter. Piscataqua Savings Bank now owns 405 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 130 shares during the period.

Consumer Staples Select Sector SPDR Fund Stock Up 0.3%

Shares of XLP stock opened at $89.51 on Friday. The firm has a market cap of $17.32 billion, a P/E ratio of 20.82 and a beta of 0.53. The company has a 50 day moving average of $81.30 and a 200-day moving average of $79.95. Consumer Staples Select Sector SPDR Fund has a 12-month low of $75.16 and a 12-month high of $90.06.

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.