Energy Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLE)

Energy Select Sector SPDR Fund (NYSEARCA:XLE) was the target of unusually large options trading on Thursday. Stock investors bought 206,877 call options on the stock. This represents an increase of approximately 42% compared to the average daily volume of 145,244 call options.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in XLE. Morgan Stanley increased its stake in Energy Select Sector SPDR Fund by 92.4% in the 4th quarter. Morgan Stanley now owns 29,438,378 shares of the exchange traded fund’s stock worth $1,316,190,000 after acquiring an additional 14,135,733 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Energy Select Sector SPDR Fund by 99.8% during the fourth quarter. LPL Financial LLC now owns 12,874,212 shares of the exchange traded fund’s stock worth $575,606,000 after purchasing an additional 6,429,599 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Energy Select Sector SPDR Fund by 108.0% in the fourth quarter. Raymond James Financial Inc. now owns 5,884,072 shares of the exchange traded fund’s stock worth $263,077,000 after purchasing an additional 3,054,557 shares during the last quarter. Cibc World Market Inc. raised its stake in Energy Select Sector SPDR Fund by 436.8% in the third quarter. Cibc World Market Inc. now owns 2,060,689 shares of the exchange traded fund’s stock valued at $184,102,000 after purchasing an additional 2,672,508 shares in the last quarter. Finally, Main Management Fund Advisors LLC purchased a new stake in Energy Select Sector SPDR Fund in the fourth quarter valued at approximately $108,234,000.

Energy Select Sector SPDR Fund Stock Up 0.7%

Shares of XLE opened at $55.18 on Friday. The business’s 50-day moving average price is $48.45 and its 200-day moving average price is $45.72. Energy Select Sector SPDR Fund has a twelve month low of $37.24 and a twelve month high of $55.88. The stock has a market cap of $35.69 billion, a PE ratio of 15.59 and a beta of 0.77.

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