Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report) was the recipient of unusually large options trading activity on Monday. Stock investors acquired 262,582 call options on the stock. This is an increase of 76% compared to the average volume of 149,436 call options.
Financial Select Sector SPDR Fund Trading Up 2.2%
NYSEARCA:XLF opened at $56.13 on Tuesday. Financial Select Sector SPDR Fund has a 1 year low of $42.21 and a 1 year high of $56.51. The firm has a 50 day moving average of $53.56 and a 200-day moving average of $53.12. The stock has a market capitalization of $54.17 billion, a P/E ratio of 18.25 and a beta of 0.99.
Hedge Funds Weigh In On Financial Select Sector SPDR Fund
Institutional investors and hedge funds have recently bought and sold shares of the business. Greykasell Wealth Strategies Inc. acquired a new stake in Financial Select Sector SPDR Fund in the 3rd quarter valued at about $29,000. Abich Financial Wealth Management LLC bought a new stake in shares of Financial Select Sector SPDR Fund during the third quarter valued at approximately $29,000. Wexford Capital LP bought a new stake in shares of Financial Select Sector SPDR Fund during the third quarter valued at approximately $29,000. BankPlus Trust Department increased its holdings in shares of Financial Select Sector SPDR Fund by 722.9% in the second quarter. BankPlus Trust Department now owns 683 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 600 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in Financial Select Sector SPDR Fund in the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 72.51% of the company’s stock.
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.
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