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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) saw some unusual options trading activity on Tuesday. Investors purchased 170,298 put options on the stock. This represents an increase of approximately 191% compared to the typical daily volume of 58,564 put options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in XLP. Two Sigma Investments LP boosted its stake in shares of Consumer Staples Select Sector SPDR Fund by 242.5% during the 3rd quarter. Two Sigma Investments LP now owns 6,247,272 shares of the exchange traded fund’s stock worth $489,599,000 after acquiring an additional 4,423,172 shares during the last quarter. Laurel Wealth Advisors LLC grew its holdings in Consumer Staples Select Sector SPDR Fund by 8,306.0% during the second quarter. Laurel Wealth Advisors LLC now owns 2,170,018 shares of the exchange traded fund’s stock valued at $175,706,000 after purchasing an additional 2,144,203 shares during the period. State Street Corp increased its position in Consumer Staples Select Sector SPDR Fund by 3,047.7% in the second quarter. State Street Corp now owns 1,626,784 shares of the exchange traded fund’s stock worth $131,721,000 after buying an additional 1,575,102 shares in the last quarter. Caisse de depot et placement du Quebec raised its stake in shares of Consumer Staples Select Sector SPDR Fund by 75.3% in the third quarter. Caisse de depot et placement du Quebec now owns 3,548,211 shares of the exchange traded fund’s stock worth $278,073,000 after buying an additional 1,524,678 shares during the period. Finally, Phoenix Financial Ltd. lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 509.9% during the 3rd quarter. Phoenix Financial Ltd. now owns 1,476,022 shares of the exchange traded fund’s stock valued at $115,676,000 after buying an additional 1,234,005 shares in the last quarter.

Consumer Staples Select Sector SPDR Fund Price Performance

XLP stock opened at $87.16 on Thursday. Consumer Staples Select Sector SPDR Fund has a 1 year low of $75.16 and a 1 year high of $90.14. The firm has a 50-day moving average of $83.89 and a 200 day moving average of $80.58. The company has a market cap of $16.87 billion, a P/E ratio of 20.82 and a beta of 0.53.

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.