Consumer Discretionary Select Sector SPDR Fund Sees Unusually High Options Volume (NYSEARCA:XLY)

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) was the recipient of unusually large options trading on Thursday. Traders acquired 89,848 put options on the stock. This is an increase of 612% compared to the typical volume of 12,611 put options.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 98.6% during the 4th quarter. Bank of America Corp DE now owns 39,205,803 shares of the exchange traded fund’s stock worth $4,681,565,000 after buying an additional 19,466,208 shares in the last quarter. Morgan Stanley increased its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 106.7% in the 4th quarter. Morgan Stanley now owns 7,340,011 shares of the exchange traded fund’s stock valued at $876,471,000 after acquiring an additional 3,789,323 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 92.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,356,281 shares of the exchange traded fund’s stock valued at $520,184,000 after acquiring an additional 2,096,216 shares in the last quarter. LPL Financial LLC lifted its position in shares of Consumer Discretionary Select Sector SPDR Fund by 99.7% during the 4th quarter. LPL Financial LLC now owns 3,377,676 shares of the exchange traded fund’s stock valued at $403,328,000 after acquiring an additional 1,686,451 shares during the period. Finally, Focus Partners Wealth lifted its position in shares of Consumer Discretionary Select Sector SPDR Fund by 101.6% during the 4th quarter. Focus Partners Wealth now owns 3,046,790 shares of the exchange traded fund’s stock valued at $363,874,000 after acquiring an additional 1,535,758 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Consumer Discretionary Select Sector SPDR Fund Stock Performance

Shares of NYSEARCA:XLY traded down $0.10 during midday trading on Thursday, reaching $112.36. The company’s stock had a trading volume of 1,827,161 shares, compared to its average volume of 8,973,663. The firm has a market capitalization of $21.78 billion, a price-to-earnings ratio of 27.10 and a beta of 1.21. The firm has a 50 day moving average price of $116.08 and a two-hundred day moving average price of $115.66. Consumer Discretionary Select Sector SPDR Fund has a fifty-two week low of $105.19 and a fifty-two week high of $125.01.

About Consumer Discretionary Select Sector SPDR Fund

Consumer Discretionary Select Sector SPDR Fund seeks to provide investment results that correspond generally to the price and yield performance of the Consumer Discretionary Select Sector Index (the Index). The Index includes companies from the following industries, media; retail (specialty, multiline, Internet and catalog); hotels, restaurants and leisure; textiles, apparel and luxury goods; household durables; automobiles; auto components; distributors; leisure equipment and products; and diversified consumer services.