Financial Select Sector SPDR Fund Target of Unusually Large Options Trading (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 492,793 put options on the company. This is an increase of 152% compared to the typical volume of 195,351 put options.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Larry Mathis Financial Planning LLC bought a new stake in shares of Financial Select Sector SPDR Fund during the 4th quarter worth approximately $559,000. PeakShares LLC bought a new position in Financial Select Sector SPDR Fund in the 4th quarter valued at $4,962,000. Corient Private Wealth LLC increased its stake in Financial Select Sector SPDR Fund by 28.7% in the fourth quarter. Corient Private Wealth LLC now owns 550,405 shares of the exchange traded fund’s stock worth $30,152,000 after purchasing an additional 122,623 shares during the period. Union Savings Bank purchased a new stake in Financial Select Sector SPDR Fund in the fourth quarter worth $966,000. Finally, Hsbc Holdings PLC lifted its position in shares of Financial Select Sector SPDR Fund by 3.4% during the fourth quarter. Hsbc Holdings PLC now owns 1,048,836 shares of the exchange traded fund’s stock worth $57,660,000 after purchasing an additional 34,582 shares during the last quarter. 72.51% of the stock is currently owned by hedge funds and other institutional investors.

Financial Select Sector SPDR Fund Price Performance

Financial Select Sector SPDR Fund stock opened at $49.64 on Thursday. The firm has a market capitalization of $51.36 billion, a P/E ratio of 18.25 and a beta of 0.99. Financial Select Sector SPDR Fund has a 1-year low of $42.21 and a 1-year high of $56.51. The company’s 50-day moving average is $53.07 and its 200 day moving average is $53.31.

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.