Stock Traders Buy High Volume of Put Options on Health Care Select Sector SPDR Fund (NYSEARCA:XLV)

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 55,635 put options on the company. This represents an increase of 168% compared to the typical volume of 20,759 put options.

Health Care Select Sector SPDR Fund Price Performance

NYSEARCA XLV opened at $152.59 on Wednesday. Health Care Select Sector SPDR Fund has a fifty-two week low of $127.35 and a fifty-two week high of $154.51. The stock’s 50-day moving average is $143.16 and its two-hundred day moving average is $137.37. The firm has a market cap of $38.62 billion, a P/E ratio of 21.15 and a beta of 0.63.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in XLV. Advisory Services Network LLC lifted its holdings in Health Care Select Sector SPDR Fund by 11.2% in the 3rd quarter. Advisory Services Network LLC now owns 54,495 shares of the exchange traded fund’s stock worth $7,584,000 after purchasing an additional 5,486 shares during the last quarter. Vertex Planning Partners LLC raised its position in shares of Health Care Select Sector SPDR Fund by 4.9% in the third quarter. Vertex Planning Partners LLC now owns 3,081 shares of the exchange traded fund’s stock valued at $429,000 after purchasing an additional 145 shares during the period. Hancock Whitney Corp lifted its stake in shares of Health Care Select Sector SPDR Fund by 1.3% in the third quarter. Hancock Whitney Corp now owns 51,480 shares of the exchange traded fund’s stock worth $7,164,000 after buying an additional 677 shares during the last quarter. Financial Engines Advisors L.L.C. lifted its stake in shares of Health Care Select Sector SPDR Fund by 4.3% in the third quarter. Financial Engines Advisors L.L.C. now owns 5,655 shares of the exchange traded fund’s stock worth $787,000 after buying an additional 232 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Health Care Select Sector SPDR Fund by 13.0% during the 3rd quarter. NewEdge Advisors LLC now owns 208,387 shares of the exchange traded fund’s stock worth $29,001,000 after buying an additional 23,953 shares during the period.

Health Care Select Sector SPDR Fund Company Profile

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).