Financial Select Sector SPDR Fund Sees Unusually Large Options Volume (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the recipient of some unusual options trading activity on Wednesday. Stock traders purchased 230,398 put options on the company. This represents an increase of 48% compared to the average daily volume of 155,885 put options.

Financial Select Sector SPDR Fund Stock Up 1.1 %

XLF stock opened at $45.70 on Friday. The company has a market cap of $42.60 billion, a price-to-earnings ratio of 18.32 and a beta of 0.83. The business has a fifty day simple moving average of $43.77 and a 200-day simple moving average of $42.10. Financial Select Sector SPDR Fund has a 52 week low of $31.35 and a 52 week high of $45.88.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Able Wealth Management LLC purchased a new position in Financial Select Sector SPDR Fund in the 4th quarter valued at about $25,000. Frazier Financial Advisors LLC acquired a new position in Financial Select Sector SPDR Fund in the fourth quarter valued at approximately $32,000. Asset Dedication LLC grew its stake in Financial Select Sector SPDR Fund by 470.8% during the 2nd quarter. Asset Dedication LLC now owns 879 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 725 shares during the last quarter. Field & Main Bank lifted its position in Financial Select Sector SPDR Fund by 368.4% in the 2nd quarter. Field & Main Bank now owns 890 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 700 shares during the last quarter. Finally, Armor Investment Advisors LLC raised its holdings in shares of Financial Select Sector SPDR Fund by 46.8% during the first quarter. Armor Investment Advisors LLC now owns 978 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 312 shares during the last quarter.

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.