Health Care Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLV)

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) saw unusually large options trading activity on Friday. Stock traders purchased 29,621 call options on the stock. This is an increase of approximately 40% compared to the average daily volume of 21,226 call options.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in XLV. Wilson & Boucher Capital Management LLC grew its stake in shares of Health Care Select Sector SPDR Fund by 5.4% in the first quarter. Wilson & Boucher Capital Management LLC now owns 16,514 shares of the exchange traded fund’s stock valued at $2,411,000 after buying an additional 850 shares in the last quarter. McIlrath & Eck LLC boosted its holdings in Health Care Select Sector SPDR Fund by 38.1% in the 1st quarter. McIlrath & Eck LLC now owns 464 shares of the exchange traded fund’s stock worth $68,000 after acquiring an additional 128 shares during the period. Empowered Funds LLC grew its position in Health Care Select Sector SPDR Fund by 107.2% in the first quarter. Empowered Funds LLC now owns 16,477 shares of the exchange traded fund’s stock valued at $2,406,000 after acquiring an additional 8,525 shares in the last quarter. Arete Wealth Advisors LLC raised its stake in shares of Health Care Select Sector SPDR Fund by 11.8% during the first quarter. Arete Wealth Advisors LLC now owns 5,556 shares of the exchange traded fund’s stock valued at $811,000 after purchasing an additional 585 shares during the period. Finally, Signature Estate & Investment Advisors LLC lifted its position in shares of Health Care Select Sector SPDR Fund by 869.8% during the first quarter. Signature Estate & Investment Advisors LLC now owns 364,977 shares of the exchange traded fund’s stock worth $53,290,000 after purchasing an additional 327,343 shares in the last quarter.

Health Care Select Sector SPDR Fund Trading Up 2.0%

Shares of XLV stock opened at $133.09 on Friday. The company has a market cap of $35.22 billion, a PE ratio of 27.62 and a beta of 0.68. The company’s fifty day simple moving average is $138.93 and its 200-day simple moving average is $142.42. Health Care Select Sector SPDR Fund has a 52 week low of $127.35 and a 52 week high of $159.64.

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).