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

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) saw some unusual options trading on Friday. Investors purchased 23,989 put options on the company. This represents an increase of approximately 147% compared to the average volume of 9,721 put options.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Cerity Partners LLC grew its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 45.6% in the third quarter. Cerity Partners LLC now owns 18,011 shares of the exchange traded fund’s stock worth $3,609,000 after acquiring an additional 5,637 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Consumer Discretionary Select Sector SPDR Fund by 42.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,777 shares of the exchange traded fund’s stock worth $356,000 after purchasing an additional 530 shares in the last quarter. FMR LLC grew its position in Consumer Discretionary Select Sector SPDR Fund by 1.9% during the 3rd quarter. FMR LLC now owns 106,064 shares of the exchange traded fund’s stock valued at $21,252,000 after purchasing an additional 1,939 shares during the last quarter. Townsquare Capital LLC increased its stake in Consumer Discretionary Select Sector SPDR Fund by 16.0% during the 3rd quarter. Townsquare Capital LLC now owns 2,572 shares of the exchange traded fund’s stock valued at $515,000 after purchasing an additional 354 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its holdings in Consumer Discretionary Select Sector SPDR Fund by 1.0% in the third quarter. Glenmede Trust Co. NA now owns 23,660 shares of the exchange traded fund’s stock worth $4,741,000 after buying an additional 245 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Consumer Discretionary Select Sector SPDR Fund Trading Down 3.0 %

NYSEARCA XLY traded down $6.12 during trading on Friday, hitting $197.24. The company had a trading volume of 3,422,158 shares, compared to its average volume of 3,303,662. The company’s fifty day moving average is $216.75 and its 200-day moving average is $213.77. The company has a market cap of $20.55 billion, a price-to-earnings ratio of 24.10 and a beta of 1.25. Consumer Discretionary Select Sector SPDR Fund has a one year low of $166.48 and a one year high of $240.28.

Consumer Discretionary Select Sector SPDR Fund Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were issued a dividend of $0.542 per share. The ex-dividend date was Monday, March 24th. This is a boost 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.