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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the recipient of some unusual options trading on Tuesday. Investors purchased 30,258 put options on the company. This is an increase of 45% compared to the average daily volume of 20,928 put options.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Ferguson Shapiro LLC acquired a new position in shares of Consumer Staples Select Sector SPDR Fund in the third quarter valued at approximately $818,000. Worth Asset Management LLC grew its position in Consumer Staples Select Sector SPDR Fund by 196.8% in the 3rd quarter. Worth Asset Management LLC now owns 37,324 shares of the exchange traded fund’s stock valued at $3,098,000 after buying an additional 24,747 shares during the last quarter. Watts Gwilliam & Co. LLC acquired a new position in Consumer Staples Select Sector SPDR Fund in the 3rd quarter valued at $548,000. Contravisory Investment Management Inc. raised its position in Consumer Staples Select Sector SPDR Fund by 27.1% during the 3rd quarter. Contravisory Investment Management Inc. now owns 2,407 shares of the exchange traded fund’s stock worth $200,000 after buying an additional 513 shares during the last quarter. Finally, Capital Insight Partners LLC lifted its stake in shares of Consumer Staples Select Sector SPDR Fund by 4.6% in the 3rd quarter. Capital Insight Partners LLC now owns 110,022 shares of the exchange traded fund’s stock worth $9,132,000 after acquiring an additional 4,825 shares during the period.

Consumer Staples Select Sector SPDR Fund Trading Up 0.6 %

Shares of XLP opened at $81.55 on Thursday. The company’s 50 day simple moving average is $81.69 and its 200-day simple moving average is $78.38. Consumer Staples Select Sector SPDR Fund has a 12-month low of $65.99 and a 12-month high of $84.53. The firm has a market cap of $15.36 billion, a PE ratio of 25.58 and a beta of 0.45.

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.