Consumer Staples Select Sector SPDR Fund Sees Unusually High Options Volume (NYSEARCA:XLP)

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) saw some unusual options trading activity on Tuesday. Traders bought 157,043 put options on the company. This is an increase of approximately 116% compared to the typical volume of 72,728 put options.

Consumer Staples Select Sector SPDR Fund Price Performance

NYSEARCA XLP opened at $84.10 on Wednesday. Consumer Staples Select Sector SPDR Fund has a 12 month low of $75.16 and a 12 month high of $90.14. The company has a 50-day moving average of $83.20 and a 200-day moving average of $82.65. The company has a market cap of $14.59 billion, a P/E ratio of 20.82 and a beta of 0.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of XLP. SouthState Bank Corp grew its holdings in shares of Consumer Staples Select Sector SPDR Fund by 6.8% during the 4th quarter. SouthState Bank Corp now owns 1,791 shares of the exchange traded fund’s stock worth $139,000 after purchasing an additional 114 shares during the period. Steigerwald Gordon & Koch Inc. grew its holdings in shares of Consumer Staples Select Sector SPDR Fund by 5.9% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 2,224 shares of the exchange traded fund’s stock worth $173,000 after purchasing an additional 124 shares during the period. Caldwell Trust Co grew its holdings in shares of Consumer Staples Select Sector SPDR Fund by 7.7% during the 1st quarter. Caldwell Trust Co now owns 1,735 shares of the exchange traded fund’s stock worth $142,000 after purchasing an additional 124 shares during the period. Piscataqua Savings Bank grew its holdings in shares of Consumer Staples Select Sector SPDR Fund by 47.3% during the 4th quarter. Piscataqua Savings Bank now owns 405 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 130 shares during the period. Finally, Navis Wealth Advisors LLC grew its holdings in shares of Consumer Staples Select Sector SPDR Fund by 0.6% during the 3rd quarter. Navis Wealth Advisors LLC now owns 22,773 shares of the exchange traded fund’s stock worth $1,785,000 after purchasing an additional 132 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.