Traders Buy Large Volume of Call Options on Financial Select Sector SPDR Fund (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the target of unusually large options trading activity on Friday. Stock investors purchased 235,459 call options on the stock. This is an increase of 57% compared to the typical volume of 149,577 call options.

Hedge Funds Weigh In On Financial Select Sector SPDR Fund

A number of hedge funds have recently made changes to their positions in the business. Capitol Family Office Inc. increased its stake in Financial Select Sector SPDR Fund by 0.8% in the 3rd quarter. Capitol Family Office Inc. now owns 23,903 shares of the exchange traded fund’s stock worth $1,288,000 after acquiring an additional 189 shares during the last quarter. Liberty Wealth Management LLC lifted its stake in shares of Financial Select Sector SPDR Fund by 2.4% in the 3rd quarter. Liberty Wealth Management LLC now owns 8,176 shares of the exchange traded fund’s stock valued at $440,000 after purchasing an additional 195 shares during the last quarter. Telos Capital Management Inc. boosted its holdings in shares of Financial Select Sector SPDR Fund by 0.3% in the 3rd quarter. Telos Capital Management Inc. now owns 59,757 shares of the exchange traded fund’s stock worth $3,219,000 after purchasing an additional 195 shares during the period. Pettyjohn Wood & White Inc. boosted its holdings in shares of Financial Select Sector SPDR Fund by 1.5% in the 2nd quarter. Pettyjohn Wood & White Inc. now owns 13,077 shares of the exchange traded fund’s stock worth $685,000 after purchasing an additional 197 shares during the period. Finally, Providence First Trust Co increased its position in shares of Financial Select Sector SPDR Fund by 2.1% during the 3rd quarter. Providence First Trust Co now owns 9,484 shares of the exchange traded fund’s stock valued at $511,000 after purchasing an additional 197 shares during the last quarter. Institutional investors own 72.51% of the company’s stock.

Financial Select Sector SPDR Fund Stock Performance

XLF opened at $54.84 on Friday. The company’s 50-day simple moving average is $52.98 and its two-hundred day simple moving average is $52.73. The stock has a market capitalization of $55.26 billion, a P/E ratio of 18.25 and a beta of 0.99. Financial Select Sector SPDR Fund has a 52-week low of $42.21 and a 52-week high of $55.31.

About Financial Select Sector SPDR Fund

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.