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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 22,986 put options on the company. This is an increase of 33% compared to the typical volume of 17,244 put options.

Consumer Staples Select Sector SPDR Fund Stock Performance

NYSEARCA XLP traded down $1.70 on Wednesday, reaching $81.90. 11,551,288 shares of the stock traded hands, compared to its average volume of 10,535,012. The company has a market cap of $16.72 billion, a price-to-earnings ratio of 23.95 and a beta of 0.61. Consumer Staples Select Sector SPDR Fund has a 12 month low of $72.93 and a 12 month high of $84.53. The company has a fifty day moving average price of $79.06 and a 200-day moving average price of $80.86.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bristlecone Advisors LLC acquired a new position in shares of Consumer Staples Select Sector SPDR Fund during the third quarter valued at approximately $28,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Consumer Staples Select Sector SPDR Fund in the fourth quarter valued at $31,000. Rakuten Securities Inc. raised its stake in shares of Consumer Staples Select Sector SPDR Fund by 305.3% in the third quarter. Rakuten Securities Inc. now owns 381 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 287 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in Consumer Staples Select Sector SPDR Fund in the fourth quarter valued at $33,000. Finally, Horizon Bancorp Inc. IN purchased a new position in shares of Consumer Staples Select Sector SPDR Fund during the fourth quarter worth about $35,000.

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.