Stock Traders Purchase Large Volume of Put Options on Financial Select Sector SPDR Fund (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 205,161 put options on the company. Thisisanincreaseof44% compared to the average daily volume of 142,790 put options.

Institutional Trading of Financial Select Sector SPDR Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Copia Wealth Management purchased a new position in Financial Select Sector SPDR Fund in the fourth quarter valued at about $27,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Financial Select Sector SPDR Fund during the first quarter worth about $27,000. North Capital Inc. acquired a new stake in shares of Financial Select Sector SPDR Fund during the first quarter worth about $27,000. Family Management Corp acquired a new stake in shares of Financial Select Sector SPDR Fund during the fourth quarter worth about $28,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of Financial Select Sector SPDR Fund during the fourth quarter worth about $28,000. 72.51% of the stock is currently owned by institutional investors.

Financial Select Sector SPDR Fund Stock Down 0.7%

Shares of XLF opened at $53.59 on Wednesday. The company has a market cap of $53.69 billion, a PE ratio of 18.25 and a beta of 1.07. The business has a fifty day moving average of $52.63 and a 200 day moving average of $50.56. Financial Select Sector SPDR Fund has a 52-week low of $42.21 and a 52-week high of $54.14.

Financial Select Sector SPDR Fund Company Profile

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.