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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the target of unusually large options trading on Monday. Traders acquired 152,402 put options on the company. This is an increase of 484% compared to the average volume of 26,097 put options.

Consumer Staples Select Sector SPDR Fund Trading Up 0.9%

XLP opened at $84.95 on Wednesday. The stock’s fifty day simple moving average is $83.98 and its 200 day simple moving average is $83.83. Consumer Staples Select Sector SPDR Fund has a 1-year low of $75.16 and a 1-year high of $90.14. The stock has a market cap of $14.18 billion, a PE ratio of 20.82 and a beta of 0.47.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

Several institutional investors and hedge funds have recently modified their holdings of XLP. Main Street Financial Solutions LLC grew its holdings in shares of Consumer Staples Select Sector SPDR Fund by 18.0% during the 4th quarter. Main Street Financial Solutions LLC now owns 57,309 shares of the exchange traded fund’s stock valued at $4,452,000 after purchasing an additional 8,723 shares during the last quarter. Centennial Bank AR increased its position in Consumer Staples Select Sector SPDR Fund by 140.5% during the 4th quarter. Centennial Bank AR now owns 15,567 shares of the exchange traded fund’s stock worth $1,209,000 after purchasing an additional 9,095 shares in the last quarter. Argyle Capital Partners LLC bought a new position in Consumer Staples Select Sector SPDR Fund in the 4th quarter valued at approximately $205,000. Atom Investors LP lifted its stake in Consumer Staples Select Sector SPDR Fund by 153.7% in the 4th quarter. Atom Investors LP now owns 143,951 shares of the exchange traded fund’s stock valued at $11,182,000 after purchasing an additional 87,206 shares during the last quarter. Finally, Berkshire Asset Management LLC PA lifted its stake in Consumer Staples Select Sector SPDR Fund by 581.0% in the 4th quarter. Berkshire Asset Management LLC PA now owns 33,571 shares of the exchange traded fund’s stock valued at $2,608,000 after purchasing an additional 28,641 shares during the last quarter.

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.