Traders Buy High Volume of Put Options on Utilities Select Sector SPDR Fund (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) was the recipient of some unusual options trading on Monday. Investors acquired 35,920 put options on the stock. This represents an increase of approximately 49% compared to the average daily volume of 24,041 put options.

Hedge Funds Weigh In On Utilities Select Sector SPDR Fund

Several large investors have recently bought and sold shares of the stock. CMG Global Holdings LLC increased its holdings in shares of Utilities Select Sector SPDR Fund by 1.2% during the 3rd quarter. CMG Global Holdings LLC now owns 9,675 shares of the exchange traded fund’s stock worth $899,000 after purchasing an additional 111 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Utilities Select Sector SPDR Fund by 1.1% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,521 shares of the exchange traded fund’s stock worth $918,000 after purchasing an additional 114 shares in the last quarter. Paragon Financial Partners Inc. grew its holdings in shares of Utilities Select Sector SPDR Fund by 0.3% during the 3rd quarter. Paragon Financial Partners Inc. now owns 45,029 shares of the exchange traded fund’s stock worth $3,927,000 after purchasing an additional 114 shares in the last quarter. Dunhill Financial LLC increased its position in shares of Utilities Select Sector SPDR Fund by 8.8% during the third quarter. Dunhill Financial LLC now owns 1,424 shares of the exchange traded fund’s stock valued at $124,000 after purchasing an additional 115 shares during the period. Finally, Boltwood Capital Management raised its stake in shares of Utilities Select Sector SPDR Fund by 1.1% in the third quarter. Boltwood Capital Management now owns 10,531 shares of the exchange traded fund’s stock valued at $918,000 after purchasing an additional 118 shares in the last quarter. 90.06% of the stock is currently owned by institutional investors and hedge funds.

Utilities Select Sector SPDR Fund Stock Up 0.2%

Shares of NYSEARCA XLU opened at $42.86 on Tuesday. Utilities Select Sector SPDR Fund has a 12 month low of $35.51 and a 12 month high of $46.88. The company has a market cap of $21.65 billion, a P/E ratio of 20.74 and a beta of 0.59. The business’s 50 day moving average is $44.06 and its two-hundred day moving average is $43.05.

Utilities Select Sector SPDR Fund Company Profile

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. The Fund utilizes a passive or indexing investment approach to attempt to approximate the investment performance of the Index.