Stock Traders Purchase High Volume of Consumer Staples Select Sect. SPDR Put Options (NYSE:XLP)

Consumer Staples Select Sect. SPDR (NYSE:XLP) was the recipient of some unusual options trading on Thursday. Stock investors purchased 18,072 put options on the company. This represents an increase of approximately 467% compared to the average daily volume of 3,190 put options.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. U S Global Investors Inc. purchased a new position in Consumer Staples Select Sect. SPDR during the second quarter valued at approximately $192,000. L & S Advisors Inc purchased a new position in Consumer Staples Select Sect. SPDR during the second quarter valued at approximately $205,000. Mutual of Omaha Bank Wealth Management purchased a new position in Consumer Staples Select Sect. SPDR during the second quarter valued at approximately $207,000. Lucas Capital Management increased its position in Consumer Staples Select Sect. SPDR by 2.6% in the second quarter. Lucas Capital Management now owns 3,995 shares of the exchange traded fund’s stock valued at $219,000 after buying an additional 100 shares during the last quarter. Finally, Sei Investments Co. increased its position in Consumer Staples Select Sect. SPDR by 1,374.1% in the second quarter. Sei Investments Co. now owns 4,039 shares of the exchange traded fund’s stock valued at $222,000 after buying an additional 3,765 shares during the last quarter.

Shares of Consumer Staples Select Sect. SPDR (NYSE XLP) traded down 0.27% during mid-day trading on Friday, hitting $55.20. The stock had a trading volume of 6,810,281 shares. The stock’s 50-day moving average is $55.03 and its 200 day moving average is $55.11. Consumer Staples Select Sect. SPDR has a 12 month low of $49.98 and a 12 month high of $57.36.

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Consumer Staples Select Sect. SPDR 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.

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