Financial Select Sector SPDR Fund Sees Unusually Large Options Volume (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) saw unusually large options trading activity on Friday. Stock traders purchased 344,867 put options on the stock. This is an increase of approximately 112% compared to the average daily volume of 162,372 put options.

Financial Select Sector SPDR Fund Trading Down 0.2%

Shares of NYSEARCA XLF opened at $53.44 on Friday. The stock has a fifty day moving average price of $54.28 and a 200 day moving average price of $53.38. The company has a market cap of $55.91 billion, a P/E ratio of 18.25 and a beta of 0.99. Financial Select Sector SPDR Fund has a 12-month low of $42.21 and a 12-month high of $56.51.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XLF. Pure Financial Advisors LLC raised its stake in Financial Select Sector SPDR Fund by 80.6% during the 2nd quarter. Pure Financial Advisors LLC now owns 12,407 shares of the exchange traded fund’s stock valued at $650,000 after acquiring an additional 5,536 shares in the last quarter. Apexium Financial LP raised its position in Financial Select Sector SPDR Fund by 1.2% in the second quarter. Apexium Financial LP now owns 51,518 shares of the exchange traded fund’s stock worth $2,698,000 after acquiring an additional 624 shares in the last quarter. NTV Asset Management LLC raised its holdings in shares of Financial Select Sector SPDR Fund by 1.0% in the 2nd quarter. NTV Asset Management LLC now owns 171,199 shares of the exchange traded fund’s stock worth $8,966,000 after purchasing an additional 1,710 shares in the last quarter. Washington Growth Strategies LLC increased its holdings in shares of Financial Select Sector SPDR Fund by 360,234.0% in the second quarter. Washington Growth Strategies LLC now owns 180,167 shares of the exchange traded fund’s stock valued at $9,435,000 after buying an additional 180,117 shares in the last quarter. Finally, Accel Wealth Management raised its position in shares of Financial Select Sector SPDR Fund by 2.4% during the second quarter. Accel Wealth Management now owns 39,204 shares of the exchange traded fund’s stock worth $2,053,000 after purchasing an additional 909 shares during the period. Hedge funds and other institutional investors own 72.51% of the company’s stock.

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.