Investors Purchase Large Volume of Consumer Staples Select Sector SPDR Fund Put Options (NYSEARCA:XLP)

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the recipient of unusually large options trading activity on Monday. Stock investors acquired 152,402 put options on the company. This represents an increase of approximately 484% compared to the average daily volume of 26,097 put options.

Consumer Staples Select Sector SPDR Fund Stock Performance

Consumer Staples Select Sector SPDR Fund stock traded down $0.09 during midday trading on Tuesday, hitting $84.32. 7,490,250 shares of the company’s stock were exchanged, compared to its average volume of 14,598,208. Consumer Staples Select Sector SPDR Fund has a 12-month low of $75.16 and a 12-month high of $90.14. The stock has a market cap of $14.08 billion, a price-to-earnings ratio of 20.82 and a beta of 0.47. The firm’s 50 day simple moving average is $84.01 and its 200 day simple moving average is $83.81.

Institutional Investors Weigh In On Consumer Staples Select Sector SPDR Fund

Several hedge funds have recently made changes to their positions in XLP. Bank of America Corp DE raised its stake in Consumer Staples Select Sector SPDR Fund by 5.4% during the 1st quarter. Bank of America Corp DE now owns 24,702,456 shares of the exchange traded fund’s stock valued at $2,025,107,000 after acquiring an additional 1,275,550 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Consumer Staples Select Sector SPDR Fund by 4.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,138,094 shares of the exchange traded fund’s stock valued at $257,261,000 after purchasing an additional 125,751 shares during 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 valued at approximately $120,192,000. State Street Corp increased its holdings in shares of Consumer Staples Select Sector SPDR Fund by 70.6% in the second quarter. State Street Corp now owns 621,446 shares of the exchange traded fund’s stock valued at $51,624,000 after purchasing an additional 257,266 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Consumer Staples Select Sector SPDR Fund by 349.6% in the first quarter. Renaissance Technologies LLC now owns 500,000 shares of the exchange traded fund’s stock valued at $40,990,000 after purchasing an additional 388,800 shares during the period.

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.