Traders Purchase Large Volume of Communication Services Select Sector SPDR Fund Put Options (NYSEARCA:XLC)

Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) was the recipient of unusually large options trading on Friday. Stock investors bought 110,241 put options on the company. This is an increase of 5,808% compared to the average volume of 1,866 put options.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Atlantic Union Bankshares Corp increased its position in shares of Communication Services Select Sector SPDR Fund by 93.6% during the fourth quarter. Atlantic Union Bankshares Corp now owns 213 shares of the company’s stock valued at $25,000 after acquiring an additional 103 shares in the last quarter. Financial Life Planners purchased a new stake in Communication Services Select Sector SPDR Fund during the 3rd quarter valued at $27,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Communication Services Select Sector SPDR Fund in the 3rd quarter worth $27,000. Nvwm LLC raised its stake in shares of Communication Services Select Sector SPDR Fund by 1,035.0% in the fourth quarter. Nvwm LLC now owns 227 shares of the company’s stock worth $27,000 after purchasing an additional 207 shares during the last quarter. Finally, Biltmore Family Office LLC purchased a new position in shares of Communication Services Select Sector SPDR Fund in the third quarter worth $29,000.

Communication Services Select Sector SPDR Fund Trading Down 0.4%

Communication Services Select Sector SPDR Fund stock opened at $115.76 on Friday. The business’s fifty day simple moving average is $116.88 and its two-hundred day simple moving average is $114.49. The company has a market capitalization of $26.95 billion, a price-to-earnings ratio of 19.19 and a beta of 1.02. Communication Services Select Sector SPDR Fund has a 12 month low of $84.02 and a 12 month high of $120.40.

Communication Services Select Sector SPDR Fund Company Profile

The Communication Services Select Sector SPDR Fund (XLC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of US telecommunication and media & entertainment components of the S&P 500 index. XLC was launched on Jun 18, 2018 and is managed by State Street.