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

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) was the recipient of some unusual options trading on Friday. Investors bought 34,626 call options on the company. This represents an increase of approximately 38% compared to the typical daily volume of 25,071 call options.

Health Care Select Sector SPDR Fund Stock Up 1.1%

NYSEARCA XLV opened at $144.82 on Friday. Health Care Select Sector SPDR Fund has a fifty-two week low of $127.35 and a fifty-two week high of $155.01. The business has a fifty day moving average of $136.12 and a 200-day moving average of $136.01. The stock has a market cap of $35.38 billion, a price-to-earnings ratio of 21.15 and a beta of 0.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC grew its holdings in shares of Health Care Select Sector SPDR Fund by 559,865.8% during the second quarter. Kingstone Capital Partners Texas LLC now owns 71,166,053 shares of the exchange traded fund’s stock worth $9,870,296,000 after buying an additional 71,153,344 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Health Care Select Sector SPDR Fund by 1.0% during the second quarter. JPMorgan Chase & Co. now owns 12,811,819 shares of the exchange traded fund’s stock valued at $1,726,905,000 after buying an additional 130,340 shares during the period. LPL Financial LLC boosted its position in Health Care Select Sector SPDR Fund by 2.8% during the first quarter. LPL Financial LLC now owns 6,935,385 shares of the exchange traded fund’s stock worth $1,012,636,000 after acquiring an additional 191,919 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Health Care Select Sector SPDR Fund by 9.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,474,961 shares of the exchange traded fund’s stock worth $945,409,000 after acquiring an additional 553,321 shares during the period. Finally, Raymond James Financial Inc. grew its stake in Health Care Select Sector SPDR Fund by 0.3% in the 1st quarter. Raymond James Financial Inc. now owns 6,040,006 shares of the exchange traded fund’s stock worth $881,901,000 after acquiring an additional 20,358 shares during the period.

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).