Communication Services Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLC)

Communication Services Select Sector SPDR Fund (NYSEARCA:XLCGet Free Report) saw some unusual options trading activity on Wednesday. Investors purchased 7,619 put options on the company. This is an increase of approximately 125% compared to the typical volume of 3,388 put options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in Communication Services Select Sector SPDR Fund by 12.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 6,192,015 shares of the company’s stock valued at $449,912,000 after purchasing an additional 695,233 shares during the period. Annex Advisory Services LLC acquired a new stake in shares of Communication Services Select Sector SPDR Fund during the 4th quarter worth approximately $39,389,000. Donaldson Capital Management LLC acquired a new stake in shares of Communication Services Select Sector SPDR Fund during the 1st quarter worth approximately $40,479,000. Raymond James & Associates grew its position in shares of Communication Services Select Sector SPDR Fund by 11.0% during the 4th quarter. Raymond James & Associates now owns 4,893,010 shares of the company’s stock worth $355,526,000 after buying an additional 483,705 shares during the period. Finally, Morgan Stanley grew its position in shares of Communication Services Select Sector SPDR Fund by 8.0% during the 3rd quarter. Morgan Stanley now owns 6,137,558 shares of the company’s stock worth $402,440,000 after buying an additional 456,812 shares during the period.

Communication Services Select Sector SPDR Fund Stock Up 0.6 %

XLC opened at $87.79 on Thursday. Communication Services Select Sector SPDR Fund has a twelve month low of $62.82 and a twelve month high of $87.93. The company has a 50-day simple moving average of $83.88 and a 200 day simple moving average of $80.24. The stock has a market capitalization of $19.21 billion, a price-to-earnings ratio of 29.67 and a beta of 1.15.

About Communication Services Select Sector SPDR Fund

(Get Free Report)

The Communication Services Select Sector SPDR Fund (XLC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of US telecommunication and media & entertainment components of the S&P 500 index. XLC was launched on Jun 18, 2018 and is managed by State Street.

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