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

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 231,038 call options on the company. This is an increase of 53% compared to the average volume of 150,835 call options.

Financial Select Sector SPDR Fund Price Performance

XLF opened at $53.66 on Friday. Financial Select Sector SPDR Fund has a 12 month low of $42.21 and a 12 month high of $54.49. The business has a 50-day moving average of $52.80 and a two-hundred day moving average of $52.45. The stock has a market capitalization of $54.07 billion, a price-to-earnings ratio of 18.25 and a beta of 0.99.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

A number of institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in shares of Financial Select Sector SPDR Fund by 11.9% in the 4th quarter. Brighton Jones LLC now owns 52,998 shares of the exchange traded fund’s stock valued at $2,561,000 after purchasing an additional 5,622 shares during the last quarter. Bison Wealth LLC raised its position in shares of Financial Select Sector SPDR Fund by 2.8% in the 4th quarter. Bison Wealth LLC now owns 7,640 shares of the exchange traded fund’s stock worth $369,000 after buying an additional 210 shares during the period. Natixis Advisors LLC raised its position in shares of Financial Select Sector SPDR Fund by 19.4% in the 1st quarter. Natixis Advisors LLC now owns 51,561 shares of the exchange traded fund’s stock worth $2,568,000 after buying an additional 8,365 shares during the period. Argent Trust Co boosted its holdings in Financial Select Sector SPDR Fund by 83.8% in the first quarter. Argent Trust Co now owns 29,183 shares of the exchange traded fund’s stock valued at $1,454,000 after acquiring an additional 13,305 shares during the last quarter. Finally, Sfmg LLC purchased a new stake in Financial Select Sector SPDR Fund during the first quarter valued at about $249,000. 72.51% of the stock is currently owned by hedge funds and other 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.