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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the recipient of some unusual options trading on Thursday. Stock investors purchased 37,763 call options on the stock. This is an increase of 74% compared to the average volume of 21,667 call options.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

A number of institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in Consumer Staples Select Sector SPDR Fund by 826.7% in the third quarter. State Street Corp now owns 2,462,344 shares of the exchange traded fund’s stock worth $204,375,000 after purchasing an additional 2,196,639 shares during the last quarter. Maven Securities LTD boosted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 104.1% in the 3rd quarter. Maven Securities LTD now owns 64,965 shares of the exchange traded fund’s stock worth $5,392,000 after purchasing an additional 1,631,901 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 31.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,363,821 shares of the exchange traded fund’s stock worth $528,197,000 after purchasing an additional 1,518,944 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Consumer Staples Select Sector SPDR Fund by 46.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,700,000 shares of the exchange traded fund’s stock valued at $359,926,000 after acquiring an additional 1,500,000 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in Consumer Staples Select Sector SPDR Fund by 8,394.9% during the 3rd quarter. International Assets Investment Management LLC now owns 739,739 shares of the exchange traded fund’s stock valued at $61,398,000 after acquiring an additional 731,031 shares during the period.

Consumer Staples Select Sector SPDR Fund Price Performance

Shares of NYSEARCA:XLP traded down $0.20 during trading on Thursday, reaching $77.03. 2,184,303 shares of the stock were exchanged, compared to its average volume of 9,255,411. Consumer Staples Select Sector SPDR Fund has a 1-year low of $71.57 and a 1-year high of $84.53. The stock has a fifty day moving average of $79.93 and a two-hundred day moving average of $80.49. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 25.58 and a beta of 0.45.

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.