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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the target of unusually large options trading on Tuesday. Traders bought 157,043 put options on the stock. This represents an increase of 116% compared to the typical volume of 72,728 put options.

Consumer Staples Select Sector SPDR Fund Stock Performance

Consumer Staples Select Sector SPDR Fund stock traded up $1.42 during midday trading on Tuesday, hitting $84.49. 5,178,450 shares of the company’s stock were exchanged, compared to its average volume of 17,613,861. Consumer Staples Select Sector SPDR Fund has a 52-week low of $75.16 and a 52-week high of $90.14. The stock has a 50-day moving average price of $83.15 and a two-hundred day moving average price of $82.60. The company has a market cap of $14.66 billion, a P/E ratio of 20.82 and a beta of 0.47.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently modified their holdings of XLP. Two Sigma Investments LP boosted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 242.5% in 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 purchasing an additional 4,423,172 shares in the last quarter. State Street Corp boosted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 3,047.7% in the 2nd quarter. State Street Corp now owns 1,626,784 shares of the exchange traded fund’s stock worth $131,721,000 after purchasing an additional 1,575,102 shares in the last quarter. Caisse de depot et placement du Quebec boosted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 75.3% in the 3rd 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 purchasing an additional 1,524,678 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of Consumer Staples Select Sector SPDR Fund in the 1st quarter worth about $120,192,000. Finally, Bank of America Corp DE boosted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 5.4% in the 1st quarter. Bank of America Corp DE now owns 24,702,456 shares of the exchange traded fund’s stock worth $2,025,107,000 after purchasing an additional 1,275,550 shares in 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.