Stock Traders Purchase High Volume of Put Options on Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY)

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) was the target of unusually large options trading on Friday. Traders acquired 23,989 put options on the stock. This is an increase of approximately 147% compared to the average daily volume of 9,721 put options.

Institutional Trading of Consumer Discretionary Select Sector SPDR Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Whitener Capital Management Inc. lifted its stake in Consumer Discretionary Select Sector SPDR Fund by 2.0% during the fourth quarter. Whitener Capital Management Inc. now owns 2,293 shares of the exchange traded fund’s stock worth $514,000 after purchasing an additional 46 shares during the period. Destiny Wealth Partners LLC raised its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 1.8% in the 4th quarter. Destiny Wealth Partners LLC now owns 2,602 shares of the exchange traded fund’s stock worth $584,000 after buying an additional 47 shares in the last quarter. Swmg LLC raised its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 2.2% in the 4th quarter. Swmg LLC now owns 2,193 shares of the exchange traded fund’s stock worth $504,000 after buying an additional 48 shares in the last quarter. Barrett & Company Inc. lifted its position in shares of Consumer Discretionary Select Sector SPDR Fund by 9.9% during the 4th quarter. Barrett & Company Inc. now owns 564 shares of the exchange traded fund’s stock worth $127,000 after buying an additional 51 shares during the period. Finally, Sunbelt Securities Inc. boosted its stake in Consumer Discretionary Select Sector SPDR Fund by 11.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 516 shares of the exchange traded fund’s stock valued at $103,000 after buying an additional 54 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Consumer Discretionary Select Sector SPDR Fund Stock Performance

NYSEARCA:XLY opened at $197.04 on Friday. The firm’s 50-day moving average is $216.11 and its 200-day moving average is $213.85. Consumer Discretionary Select Sector SPDR Fund has a 52-week low of $166.48 and a 52-week high of $240.28. The company has a market cap of $20.53 billion, a price-to-earnings ratio of 24.10 and a beta of 1.25.

Consumer Discretionary Select Sector SPDR Fund Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were given a $0.542 dividend. The ex-dividend date was Monday, March 24th. This is an increase from Consumer Discretionary Select Sector SPDR Fund’s previous dividend of $0.39.

Consumer Discretionary Select Sector SPDR Fund Company Profile

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.