Stock Traders Purchase Large Volume of Utilities Select Sector SPDR Fund Put Options (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) was the target of unusually large options trading on Thursday. Investors bought 81,635 put options on the company. This is an increase of 83% compared to the typical daily volume of 44,650 put options.

Hedge Funds Weigh In On Utilities Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. CMG Global Holdings LLC increased its stake in Utilities Select Sector SPDR Fund by 1.2% in 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 in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Utilities Select Sector SPDR Fund by 1.1% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,521 shares of the exchange traded fund’s stock valued at $918,000 after buying an additional 114 shares in the last quarter. Paragon Financial Partners Inc. lifted its stake in Utilities Select Sector SPDR Fund by 0.3% during the third quarter. Paragon Financial Partners Inc. now owns 45,029 shares of the exchange traded fund’s stock valued at $3,927,000 after buying an additional 114 shares in the last quarter. Dunhill Financial LLC boosted its holdings in shares of Utilities Select Sector SPDR Fund by 8.8% in the third quarter. Dunhill Financial LLC now owns 1,424 shares of the exchange traded fund’s stock worth $124,000 after buying an additional 115 shares during the period. Finally, High Falls Advisors Inc boosted its holdings in shares of Utilities Select Sector SPDR Fund by 2.5% in the second quarter. High Falls Advisors Inc now owns 4,754 shares of the exchange traded fund’s stock worth $388,000 after buying an additional 118 shares during the period. 90.06% of the stock is owned by institutional investors.

Utilities Select Sector SPDR Fund Stock Down 0.4%

Shares of XLU opened at $46.54 on Friday. The stock has a market capitalization of $23.88 billion, a P/E ratio of 20.74 and a beta of 0.59. Utilities Select Sector SPDR Fund has a twelve month low of $35.51 and a twelve month high of $47.80. The firm has a fifty day simple moving average of $45.03 and a two-hundred day simple moving average of $44.18.

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.