Utilities Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 43,119 call options on the company. This is an increase of approximately 14% compared to the average volume of 37,960 call options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in XLU. Aventura Private Wealth LLC bought a new position in shares of Utilities Select Sector SPDR Fund during the fourth quarter valued at $25,000. Kelleher Financial Advisors bought a new stake in shares of Utilities Select Sector SPDR Fund in the fourth quarter worth $25,000. Davis Capital Management bought a new position in Utilities Select Sector SPDR Fund during the 3rd quarter worth $26,000. Piscataqua Savings Bank lifted its holdings 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 period. Finally, Paladin Advisory Group LLC grew its position in shares of Utilities Select Sector SPDR Fund by 100.0% in 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 during the last quarter. Institutional investors and hedge funds own 90.06% of the company’s stock.

Utilities Select Sector SPDR Fund Stock Up 0.3%

NYSEARCA XLU opened at $47.36 on Thursday. The company has a market cap of $24.30 billion, a price-to-earnings ratio of 20.74 and a beta of 0.59. Utilities Select Sector SPDR Fund has a twelve month low of $35.51 and a twelve month high of $47.43. The business’s fifty day moving average is $43.67 and its 200 day moving average is $43.73.

Utilities Select Sector SPDR Fund Company Profile

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.