Consumer Staples Select Sector SPDR Fund Sees Unusually Large Options Volume (NYSEARCA:XLP)

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the target of unusually large options trading on Wednesday. Traders bought 163,762 put options on the stock. This represents an increase of 574% compared to the typical volume of 24,308 put options.

Institutional Investors Weigh In On Consumer Staples Select Sector SPDR Fund

Hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its position in shares of Consumer Staples Select Sector SPDR Fund by 35.4% during the second quarter. Ameriprise Financial Inc. now owns 3,926,046 shares of the exchange traded fund’s stock valued at $317,875,000 after buying an additional 1,025,936 shares during the last quarter. Paloma Partners Management Co bought a new position in Consumer Staples Select Sector SPDR Fund during the 2nd quarter valued at about $2,167,000. Darwin Wealth Management LLC bought a new position in Consumer Staples Select Sector SPDR Fund during the 2nd quarter valued at about $924,000. Bayesian Capital Management LP purchased a new stake in shares of Consumer Staples Select Sector SPDR Fund during the 2nd quarter valued at about $1,046,000. Finally, Betterment LLC grew its stake in shares of Consumer Staples Select Sector SPDR Fund by 18.4% in the second quarter. Betterment LLC now owns 6,465 shares of the exchange traded fund’s stock worth $523,000 after acquiring an additional 1,003 shares during the period.

Consumer Staples Select Sector SPDR Fund Price Performance

Shares of NYSEARCA:XLP traded up $1.12 on Wednesday, hitting $82.23. The company’s stock had a trading volume of 32,493,619 shares, compared to its average volume of 22,796,291. The company has a market capitalization of $15.30 billion, a PE ratio of 20.82 and a beta of 0.53. The company has a 50-day simple moving average of $78.08 and a 200 day simple moving average of $79.38. Consumer Staples Select Sector SPDR Fund has a 1 year low of $75.16 and a 1 year high of $84.35.

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.