Investors Buy Large Volume of Utilities Select Sector SPDR Fund Call Options (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) saw unusually large options trading activity on Tuesday. Traders bought 43,018 call options on the stock. This is an increase of approximately 46% compared to the average volume of 29,520 call options.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of XLU. Aventura Private Wealth LLC purchased a new stake in Utilities Select Sector SPDR Fund during the fourth quarter valued at approximately $25,000. Kelleher Financial Advisors purchased a new stake in shares of Utilities Select Sector SPDR Fund during the 4th quarter valued at $25,000. Davis Capital Management acquired a new stake in shares of Utilities Select Sector SPDR Fund in the 3rd quarter worth $26,000. Piscataqua Savings Bank grew its stake in Utilities Select Sector SPDR Fund by 100.0% during the 4th quarter. Piscataqua Savings Bank now owns 600 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 300 shares during the last quarter. Finally, Paladin Advisory Group LLC increased its position in Utilities Select Sector SPDR Fund by 100.0% during the 4th quarter. Paladin Advisory Group LLC now owns 616 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 308 shares in the last quarter. 90.06% of the stock is currently owned by hedge funds and other institutional investors.

Utilities Select Sector SPDR Fund Price Performance

Utilities Select Sector SPDR Fund stock opened at $44.59 on Thursday. The stock has a market cap of $22.88 billion, a price-to-earnings ratio of 20.74 and a beta of 0.59. The firm has a 50-day moving average of $43.00 and a two-hundred day moving average of $43.48. Utilities Select Sector SPDR Fund has a 1 year low of $35.51 and a 1 year high of $46.88.

About Utilities Select Sector SPDR Fund

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.