Energy Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLE)

Energy Select Sector SPDR Fund (NYSEARCA:XLE) was the target of unusually large options trading activity on Friday. Investors acquired 166,812 put options on the stock. This represents an increase of approximately 52% compared to the typical volume of 109,577 put options.

Energy Select Sector SPDR Fund Stock Performance

Shares of XLE opened at $78.76 on Friday. The stock has a market capitalization of $27.96 billion, a P/E ratio of 16.23 and a beta of 0.93. Energy Select Sector SPDR Fund has a 1 year low of $78.76 and a 1 year high of $98.97. The company’s fifty day moving average is $89.97 and its two-hundred day moving average is $90.26.

Energy Select Sector SPDR Fund Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were paid a $0.7163 dividend. This is a boost from Energy Select Sector SPDR Fund’s previous dividend of $0.71. The ex-dividend date was Monday, March 24th.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quadrant Private Wealth Management LLC raised its holdings in Energy Select Sector SPDR Fund by 1.5% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 7,677 shares of the exchange traded fund’s stock worth $658,000 after purchasing an additional 113 shares during the last quarter. Forvis Mazars Wealth Advisors LLC raised its stake in shares of Energy Select Sector SPDR Fund by 1.7% during the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 7,021 shares of the exchange traded fund’s stock worth $601,000 after buying an additional 114 shares during the last quarter. Baltimore Washington Financial Advisors Inc. boosted its position in shares of Energy Select Sector SPDR Fund by 2.9% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 4,107 shares of the exchange traded fund’s stock worth $352,000 after buying an additional 115 shares in the last quarter. Glenview Trust co grew its stake in Energy Select Sector SPDR Fund by 1.8% in the 4th quarter. Glenview Trust co now owns 6,616 shares of the exchange traded fund’s stock valued at $567,000 after acquiring an additional 115 shares during the last quarter. Finally, FOCUS Wealth Advisors LLC increased its holdings in Energy Select Sector SPDR Fund by 0.3% during the 4th quarter. FOCUS Wealth Advisors LLC now owns 45,171 shares of the exchange traded fund’s stock valued at $3,869,000 after acquiring an additional 123 shares in the last quarter.

About Energy Select Sector SPDR Fund

Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services.