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

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) saw some unusual options trading activity on Thursday. Stock traders purchased 25,431 call options on the stock. This is an increase of 20% compared to the typical volume of 21,264 call options.

Utilities Select Sector SPDR Fund Stock Performance

Shares of Utilities Select Sector SPDR Fund stock opened at $43.18 on Friday. The company has a market capitalization of $21.81 billion, a PE ratio of 20.74 and a beta of 0.59. The company has a 50-day simple moving average of $44.48 and a two-hundred day simple moving average of $42.91. Utilities Select Sector SPDR Fund has a one year low of $35.51 and a one year high of $46.88.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in Utilities Select Sector SPDR Fund by 12.8% in the fourth quarter. Brighton Jones LLC now owns 3,823 shares of the exchange traded fund’s stock valued at $289,000 after buying an additional 433 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Utilities Select Sector SPDR Fund by 5.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 100,677 shares of the exchange traded fund’s stock valued at $7,938,000 after acquiring an additional 5,619 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Utilities Select Sector SPDR Fund by 19.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,327 shares of the exchange traded fund’s stock valued at $105,000 after acquiring an additional 214 shares during the last quarter. Northern Trust Corp increased its stake in shares of Utilities Select Sector SPDR Fund by 5.9% in the first quarter. Northern Trust Corp now owns 294,562 shares of the exchange traded fund’s stock worth $23,226,000 after acquiring an additional 16,519 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Utilities Select Sector SPDR Fund by 243.1% in the first quarter. Wellington Management Group LLP now owns 46,852 shares of the exchange traded fund’s stock worth $3,694,000 after acquiring an additional 33,196 shares during the period. 90.06% of the stock is currently owned by hedge funds and other institutional investors.

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.