Traders Purchase Large Volume of Put Options on Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP)

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the recipient of unusually large options trading on Friday. Traders bought 37,452 put options on the stock. This is an increase of approximately 96% compared to the typical daily volume of 19,145 put options.

Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Consumer Staples Select Sector SPDR Fund by 17.5% in the fourth quarter. JPMorgan Chase & Co. now owns 7,477,983 shares of the exchange traded fund’s stock worth $587,844,000 after purchasing an additional 1,114,162 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Consumer Staples Select Sector SPDR Fund by 6.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 4,814,805 shares of the exchange traded fund’s stock worth $378,492,000 after buying an additional 289,145 shares during the period. Menora Mivtachim Holdings LTD. boosted its holdings in Consumer Staples Select Sector SPDR Fund by 68.9% in the 4th quarter. Menora Mivtachim Holdings LTD. now owns 4,648,202 shares of the exchange traded fund’s stock worth $365,395,000 after buying an additional 1,896,073 shares during the period. Raymond James Financial Inc. purchased a new stake in Consumer Staples Select Sector SPDR Fund in the 4th quarter worth $357,593,000. Finally, Ameriprise Financial Inc. raised its holdings in Consumer Staples Select Sector SPDR Fund by 11.6% during the fourth quarter. Ameriprise Financial Inc. now owns 4,073,440 shares of the exchange traded fund’s stock valued at $320,243,000 after acquiring an additional 424,768 shares during the period.

Consumer Staples Select Sector SPDR Fund Stock Up 1.3 %

XLP stock opened at $80.35 on Friday. The business’s 50-day moving average price is $80.58 and its 200-day moving average price is $80.43. The stock has a market cap of $16.46 billion, a P/E ratio of 22.54 and a beta of 0.59. Consumer Staples Select Sector SPDR Fund has a twelve month low of $72.93 and a twelve month high of $84.53.

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.