Stock Traders Buy High Volume of Call Options on Health Care Select Sector SPDR Fund (NYSEARCA:XLV)

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) was the target of some unusual options trading on Monday. Stock investors acquired 19,440 call options on the company. This represents an increase of approximately 45% compared to the average volume of 13,380 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. NovaPoint Capital LLC acquired a new stake in shares of Health Care Select Sector SPDR Fund in the third quarter worth about $385,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Health Care Select Sector SPDR Fund in the third quarter worth about $28,000. Nvwm LLC lifted its position in shares of Health Care Select Sector SPDR Fund by 6.6% in the third quarter. Nvwm LLC now owns 34,158 shares of the exchange traded fund’s stock worth $4,754,000 after buying an additional 2,120 shares during the last quarter. TrueWealth Advisors LLC lifted its position in shares of Health Care Select Sector SPDR Fund by 3.4% in the third quarter. TrueWealth Advisors LLC now owns 2,431 shares of the exchange traded fund’s stock worth $338,000 after buying an additional 80 shares during the last quarter. Finally, Clayton Financial Group LLC acquired a new stake in shares of Health Care Select Sector SPDR Fund in the third quarter worth about $42,000.

Health Care Select Sector SPDR Fund Trading Down 0.9%

Shares of XLV stock opened at $147.42 on Tuesday. Health Care Select Sector SPDR Fund has a 1-year low of $127.35 and a 1-year high of $160.59. The company has a market capitalization of $39.11 billion, a price-to-earnings ratio of 21.15 and a beta of 0.63. The stock’s fifty day simple moving average is $151.32 and its 200-day simple moving average is $151.82.

About Health Care Select Sector SPDR Fund

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.