Financial Select Sector SPDR Fund Target of Unusually Large Options Trading (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) saw some unusual options trading on Wednesday. Traders purchased 205,346 put options on the company. This represents an increase of 26% compared to the average volume of 162,858 put options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in Financial Select Sector SPDR Fund by 18.8% in the 1st quarter. JPMorgan Chase & Co. now owns 144,130,208 shares of the exchange traded fund’s stock valued at $6,070,764,000 after buying an additional 22,835,066 shares in the last quarter. LPL Financial LLC boosted its stake in Financial Select Sector SPDR Fund by 4.0% during the 2nd quarter. LPL Financial LLC now owns 13,783,914 shares of the exchange traded fund’s stock valued at $566,657,000 after purchasing an additional 525,305 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Financial Select Sector SPDR Fund by 266.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 11,000,000 shares of the exchange traded fund’s stock worth $452,210,000 after buying an additional 8,000,000 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Financial Select Sector SPDR Fund by 31.2% in the second quarter. Envestnet Asset Management Inc. now owns 10,798,325 shares of the exchange traded fund’s stock valued at $443,919,000 after buying an additional 2,566,731 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in Financial Select Sector SPDR Fund by 6.6% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,328,231 shares of the exchange traded fund’s stock valued at $468,075,000 after buying an additional 640,070 shares in the last quarter.

Financial Select Sector SPDR Fund Stock Up 1.2 %

NYSEARCA XLF traded up $0.56 on Wednesday, hitting $47.46. The stock had a trading volume of 44,521,207 shares, compared to its average volume of 40,793,824. The company’s 50-day moving average is $44.71 and its two-hundred day moving average is $42.66. Financial Select Sector SPDR Fund has a one year low of $31.35 and a one year high of $47.50. The stock has a market cap of $44.24 billion, a price-to-earnings ratio of 18.32 and a beta of 0.83.

Financial Select Sector SPDR Fund Company Profile

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.