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

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) was the target of some unusual options trading activity on Tuesday. Investors bought 34,544 call options on the stock. This represents an increase of 58% compared to the typical volume of 21,846 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in XLV. Kingstone Capital Partners Texas LLC lifted its stake in Health Care Select Sector SPDR Fund by 559,865.8% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 71,166,053 shares of the exchange traded fund’s stock valued at $9,870,296,000 after purchasing an additional 71,153,344 shares during the last quarter. JPMorgan Chase & Co. grew its position in Health Care Select Sector SPDR Fund by 7.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,810,675 shares of the exchange traded fund’s stock worth $1,922,032,000 after acquiring an additional 998,856 shares during the last quarter. Raymond James Financial Inc. increased its holdings 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 purchasing an additional 20,358 shares in the last quarter. Ameriprise Financial Inc. raised its position in Health Care Select Sector SPDR Fund by 11.0% in the first quarter. Ameriprise Financial Inc. now owns 3,421,288 shares of the exchange traded fund’s stock valued at $523,653,000 after purchasing an additional 339,825 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in Health Care Select Sector SPDR Fund by 53.1% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,148,378 shares of the exchange traded fund’s stock valued at $438,149,000 after purchasing an additional 1,091,657 shares during the last quarter.

Health Care Select Sector SPDR Fund Stock Performance

Shares of XLV stock opened at $158.77 on Wednesday. Health Care Select Sector SPDR Fund has a fifty-two week low of $127.35 and a fifty-two week high of $158.89. The stock’s fifty day moving average price is $144.83 and its two-hundred day moving average price is $138.06. The company has a market cap of $40.18 billion, a PE ratio of 21.15 and a beta of 0.63.

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).