Traders Purchase High Volume of Call Options on Health Care Select Sector SPDR Fund (NYSEARCA:XLV)

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) was the target of some unusual options trading activity on Wednesday. Stock investors bought 33,414 call options on the stock. This is an increase of approximately 90% compared to the average daily volume of 17,581 call options.

Health Care Select Sector SPDR Fund Stock Down 0.4 %

Shares of XLV stock traded down $0.58 during mid-day trading on Wednesday, reaching $138.63. 7,582,827 shares of the stock traded hands, compared to its average volume of 7,445,860. The stock’s fifty day simple moving average is $147.16 and its two-hundred day simple moving average is $149.24. The company has a market cap of $37.52 billion, a price-to-earnings ratio of 23.82 and a beta of 0.55. Health Care Select Sector SPDR Fund has a 1-year low of $132.72 and a 1-year high of $159.64.

Institutional Trading of Health Care Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently bought and sold shares of XLV. LPL Financial LLC grew its holdings in Health Care Select Sector SPDR Fund by 10.1% during the 3rd quarter. LPL Financial LLC now owns 6,671,871 shares of the exchange traded fund’s stock worth $1,027,602,000 after acquiring an additional 611,534 shares during the period. Janney Montgomery Scott LLC bought a new stake in Health Care Select Sector SPDR Fund in the third quarter worth approximately $488,898,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Health Care Select Sector SPDR Fund by 3.0% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,909,369 shares of the exchange traded fund’s stock worth $448,101,000 after buying an additional 85,754 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Health Care Select Sector SPDR Fund by 94.6% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,180,000 shares of the exchange traded fund’s stock worth $335,764,000 after buying an additional 1,060,000 shares during the period. Finally, Meitav Investment House Ltd. increased its stake in shares of Health Care Select Sector SPDR Fund by 18.2% in the 3rd quarter. Meitav Investment House Ltd. now owns 1,944,071 shares of the exchange traded fund’s stock valued at $299,487,000 after acquiring an additional 299,448 shares in the last quarter.

About Health Care Select Sector SPDR Fund

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500).