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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) saw some unusual options trading on Friday. Investors purchased 37,091 put options on the stock. This is an increase of 40% compared to the average volume of 26,404 put options.

Institutional Investors Weigh In On Consumer Staples Select Sector SPDR Fund

A number of large investors have recently made changes to their positions in XLP. Frazier Financial Advisors LLC grew its stake in Consumer Staples Select Sector SPDR Fund by 150.4% in the 4th quarter. Frazier Financial Advisors LLC now owns 1,470 shares of the exchange traded fund’s stock valued at $114,000 after acquiring an additional 883 shares during the period. Jefferies Financial Group Inc. raised its position in Consumer Staples Select Sector SPDR Fund by 3,670.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 226,476 shares of the exchange traded fund’s stock worth $17,593,000 after acquiring an additional 220,470 shares during the period. Mizuho Markets Americas LLC acquired a new position in Consumer Staples Select Sector SPDR Fund during the fourth quarter worth $1,002,000. Evoke Wealth LLC purchased a new position in Consumer Staples Select Sector SPDR Fund during the fourth quarter valued at $333,000. Finally, Axxcess Wealth Management LLC lifted its holdings in Consumer Staples Select Sector SPDR Fund by 456.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 94,434 shares of the exchange traded fund’s stock valued at $7,336,000 after purchasing an additional 77,466 shares in the last quarter.

Consumer Staples Select Sector SPDR Fund Price Performance

NYSEARCA XLP traded down $0.47 during trading on Friday, hitting $83.02. The company’s stock had a trading volume of 4,501,633 shares, compared to its average volume of 14,950,758. Consumer Staples Select Sector SPDR Fund has a fifty-two week low of $75.16 and a fifty-two week high of $90.14. The company has a market cap of $14.20 billion, a PE ratio of 20.82 and a beta of 0.47. The business’s 50 day simple moving average is $84.95 and its 200-day simple moving average is $84.11.

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.