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

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) saw unusually large options trading on Wednesday. Investors bought 33,414 call options on the company. This represents an increase of approximately 90% compared to the average daily volume of 17,581 call options.

Health Care Select Sector SPDR Fund Price Performance

XLV opened at $137.32 on Thursday. The company has a market capitalization of $37.16 billion, a P/E ratio of 23.82 and a beta of 0.55. The firm’s fifty day moving average price is $146.84 and its two-hundred day moving average price is $149.16. Health Care Select Sector SPDR Fund has a fifty-two week low of $132.72 and a fifty-two week high of $159.64.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in Health Care Select Sector SPDR Fund by 17.0% during the 2nd quarter. Blue Trust Inc. now owns 938 shares of the exchange traded fund’s stock valued at $139,000 after purchasing an additional 136 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Health Care Select Sector SPDR Fund by 12.3% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 2,492 shares of the exchange traded fund’s stock worth $363,000 after acquiring an additional 273 shares in the last quarter. Private Wealth Advisors LLC grew its position in Health Care Select Sector SPDR Fund by 23.2% during the 2nd quarter. Private Wealth Advisors LLC now owns 100,638 shares of the exchange traded fund’s stock worth $14,586,000 after acquiring an additional 18,960 shares during the last quarter. Proffitt & Goodson Inc. increased its holdings in Health Care Select Sector SPDR Fund by 3.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 16,826 shares of the exchange traded fund’s stock valued at $2,452,000 after purchasing an additional 492 shares in the last quarter. Finally, H&H Retirement Design & Management INC raised its position in Health Care Select Sector SPDR Fund by 1.3% in the 2nd quarter. H&H Retirement Design & Management INC now owns 32,207 shares of the exchange traded fund’s stock valued at $4,790,000 after purchasing an additional 409 shares during 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).