Utilities Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) was the target of unusually large options trading on Monday. Stock investors acquired 60,968 call options on the stock. This is an increase of approximately 212% compared to the average volume of 19,518 call options.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently bought and sold shares of XLU. Strategic Financial Partners Ltd. acquired a new stake in shares of Utilities Select Sector SPDR Fund during the first quarter worth $2,617,000. Mount Lucas Management LP increased its stake in Utilities Select Sector SPDR Fund by 1.6% in the 1st quarter. Mount Lucas Management LP now owns 8,147 shares of the exchange traded fund’s stock valued at $642,000 after buying an additional 131 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Utilities Select Sector SPDR Fund by 73.7% during the first quarter. Venturi Wealth Management LLC now owns 25,425 shares of the exchange traded fund’s stock worth $2,005,000 after acquiring an additional 10,786 shares in the last quarter. First National Bank of Hutchinson lifted its holdings in shares of Utilities Select Sector SPDR Fund by 1.8% during the 1st quarter. First National Bank of Hutchinson now owns 8,174 shares of the exchange traded fund’s stock valued at $645,000 after buying an additional 143 shares during the last quarter. Finally, VCI Wealth Management LLC bought a new stake in shares of Utilities Select Sector SPDR Fund in the 1st quarter valued at approximately $490,000. 90.06% of the stock is owned by hedge funds and other institutional investors.

Utilities Select Sector SPDR Fund Stock Up 0.9%

Shares of Utilities Select Sector SPDR Fund stock opened at $89.56 on Tuesday. Utilities Select Sector SPDR Fund has a 52 week low of $71.02 and a 52 week high of $93.77. The firm’s 50 day moving average is $88.54 and its two-hundred day moving average is $84.81. The firm has a market capitalization of $22.62 billion, a P/E ratio of 20.74 and a beta of 0.59.

About Utilities Select Sector SPDR Fund

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.