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

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 37,763 call options on the stock. This is an increase of approximately 74% compared to the average volume of 21,667 call options.

Consumer Staples Select Sector SPDR Fund Stock Up 0.4 %

XLP opened at $77.50 on Friday. The stock has a market cap of $14.59 billion, a PE ratio of 25.58 and a beta of 0.45. Consumer Staples Select Sector SPDR Fund has a 52 week low of $71.57 and a 52 week high of $84.53. The business’s fifty day simple moving average is $79.93 and its 200 day simple moving average is $80.49.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Bristlecone Advisors LLC bought a new position in shares of Consumer Staples Select Sector SPDR Fund during the third quarter valued at about $28,000. Rakuten Securities Inc. boosted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 305.3% during the third quarter. Rakuten Securities Inc. now owns 381 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 287 shares during the period. Synergy Asset Management LLC purchased a new stake in shares of Consumer Staples Select Sector SPDR Fund during the fourth quarter worth about $33,000. Horizon Bancorp Inc. IN purchased a new stake in shares of Consumer Staples Select Sector SPDR Fund during the fourth quarter worth about $35,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of Consumer Staples Select Sector SPDR Fund during the third quarter worth about $38,000.

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.