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 Monday. Traders acquired 257,668 put options on the stock. This represents an increase of 40% compared to the average volume of 183,420 put options.

Financial Select Sector SPDR Fund Price Performance

Shares of Financial Select Sector SPDR Fund stock opened at $50.73 on Tuesday. Financial Select Sector SPDR Fund has a 1 year low of $42.21 and a 1 year high of $56.51. The firm has a market cap of $52.48 billion, a PE ratio of 18.25 and a beta of 0.99. The company has a 50 day simple moving average of $54.05 and a two-hundred day simple moving average of $53.44.

Institutional Trading of Financial Select Sector SPDR Fund

Hedge funds have recently made changes to their positions in the stock. Lewis Asset Management LLC lifted its stake in Financial Select Sector SPDR Fund by 2.9% during the fourth quarter. Lewis Asset Management LLC now owns 6,537 shares of the exchange traded fund’s stock worth $358,000 after purchasing an additional 186 shares during the last quarter. True Vision MN LLC raised its holdings in shares of Financial Select Sector SPDR Fund by 1.4% during the 4th quarter. True Vision MN LLC now owns 13,833 shares of the exchange traded fund’s stock valued at $758,000 after buying an additional 188 shares in the last quarter. Mather Group LLC. lifted its position in Financial Select Sector SPDR Fund by 3.8% in the 4th quarter. Mather Group LLC. now owns 5,109 shares of the exchange traded fund’s stock worth $280,000 after buying an additional 188 shares during the last quarter. Capitol Family Office Inc. lifted its position in Financial Select Sector SPDR Fund by 0.8% in the 3rd quarter. Capitol Family Office Inc. now owns 23,903 shares of the exchange traded fund’s stock worth $1,288,000 after buying an additional 189 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC boosted its stake in Financial Select Sector SPDR Fund by 20.8% in the fourth quarter. Smallwood Wealth Investment Management LLC now owns 1,097 shares of the exchange traded fund’s stock worth $60,000 after buying an additional 189 shares in the last quarter. 72.51% of the stock is owned by institutional investors.

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.