Stock Traders Buy Large Volume of Utilities Select Sector SPDR Fund Put Options (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) was the recipient of some unusual options trading on Tuesday. Stock investors bought 32,500 put options on the stock. This is an increase of 51% compared to the average daily volume of 21,495 put options.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

Large investors have recently modified their holdings of the business. Merit Financial Group LLC boosted its holdings in shares of Utilities Select Sector SPDR Fund by 46.2% during the 4th quarter. Merit Financial Group LLC now owns 19,004 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 6,003 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in Utilities Select Sector SPDR Fund by 10.4% during the 4th quarter. Arkadios Wealth Advisors now owns 18,058 shares of the exchange traded fund’s stock worth $1,367,000 after buying an additional 1,704 shares during the period. Trust Co. of Vermont lifted its holdings in Utilities Select Sector SPDR Fund by 25.0% during the 4th quarter. Trust Co. of Vermont now owns 750 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 150 shares during the period. Ameritas Advisory Services LLC lifted its holdings in Utilities Select Sector SPDR Fund by 1.0% during the 4th quarter. Ameritas Advisory Services LLC now owns 28,743 shares of the exchange traded fund’s stock worth $2,176,000 after buying an additional 287 shares during the period. Finally, Mechanics Bank Trust Department lifted its holdings in Utilities Select Sector SPDR Fund by 2.5% during the 4th quarter. Mechanics Bank Trust Department now owns 25,577 shares of the exchange traded fund’s stock worth $1,936,000 after buying an additional 614 shares during the period.

Utilities Select Sector SPDR Fund Price Performance

Utilities Select Sector SPDR Fund stock opened at $82.77 on Wednesday. The stock’s fifty day moving average price is $78.33 and its two-hundred day moving average price is $78.33. Utilities Select Sector SPDR Fund has a one year low of $67.60 and a one year high of $83.41. The firm has a market cap of $19.15 billion, a PE ratio of 20.82 and a beta of 0.58.

Utilities Select Sector SPDR Fund Company Profile

Select Sector Utilities Select Sector SPDR Fund (the Fund), formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The Index includes companies from industries, such as electric utilities, multi-utilities, independent power producers and energy traders, and gas utilities.