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

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) was the target of unusually large options trading on Friday. Stock investors purchased 72,824 put options on the company. This represents an increase of approximately 84% compared to the average daily volume of 39,523 put options.

Utilities Select Sector SPDR Fund Stock Up 1.2%

Shares of Utilities Select Sector SPDR Fund stock opened at $47.73 on Friday. The company has a market capitalization of $24.49 billion, a price-to-earnings ratio of 20.74 and a beta of 0.59. The stock’s 50-day simple moving average is $43.86 and its 200-day simple moving average is $43.79. Utilities Select Sector SPDR Fund has a 52 week low of $35.51 and a 52 week high of $47.80.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Davis Capital Management purchased a new position in Utilities Select Sector SPDR Fund during the third quarter valued at $26,000. SJS Investment Consulting Inc. boosted its holdings in shares of Utilities Select Sector SPDR Fund by 171.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 312 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 197 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Utilities Select Sector SPDR Fund during the third quarter valued at about $30,000. Bell Investment Advisors Inc bought a new stake in shares of Utilities Select Sector SPDR Fund in the second quarter worth about $30,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Utilities Select Sector SPDR Fund in the third quarter worth about $34,000. 90.06% of the stock is owned by hedge funds and other institutional investors.

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.