Energy Select Sector SPDR Fund Sees Unusually Large Options Volume (NYSEARCA:XLE)

Energy Select Sector SPDR Fund (NYSEARCA:XLE) was the target of some unusual options trading activity on Thursday. Investors bought 209,075 call options on the stock. This represents an increase of 82% compared to the average daily volume of 114,789 call options.

Energy Select Sector SPDR Fund Price Performance

Shares of Energy Select Sector SPDR Fund stock opened at $50.51 on Friday. The stock has a market cap of $31.69 billion, a PE ratio of 15.59 and a beta of 0.77. The firm has a fifty day moving average price of $46.06 and a 200 day moving average price of $44.69. Energy Select Sector SPDR Fund has a 1 year low of $37.24 and a 1 year high of $51.73.

Institutional Trading of Energy Select Sector SPDR Fund

Hedge funds have recently modified their holdings of the stock. Quadcap Wealth Management LLC grew its stake in Energy Select Sector SPDR Fund by 101.5% in the 4th quarter. Quadcap Wealth Management LLC now owns 16,510 shares of the exchange traded fund’s stock valued at $738,000 after acquiring an additional 8,318 shares during the period. Comprehensive Financial Consultants Institutional Inc. lifted its holdings in Energy Select Sector SPDR Fund by 100.0% during the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 6,872 shares of the exchange traded fund’s stock valued at $307,000 after purchasing an additional 3,436 shares in the last quarter. Comerica Bank grew its position in shares of Energy Select Sector SPDR Fund by 83.5% in the fourth quarter. Comerica Bank now owns 218,846 shares of the exchange traded fund’s stock valued at $9,785,000 after purchasing an additional 99,614 shares during the period. Ashton Thomas Private Wealth LLC grew its position in shares of Energy Select Sector SPDR Fund by 85.2% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 259,306 shares of the exchange traded fund’s stock valued at $11,594,000 after purchasing an additional 119,289 shares during the period. Finally, Managed Asset Portfolios LLC purchased a new stake in shares of Energy Select Sector SPDR Fund during the fourth quarter worth about $5,934,000.

About Energy Select Sector SPDR Fund

Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services. The Fund’s investment advisor is SSgA Funds Management, Inc