Stock Traders Buy High Volume of Financial Select Sector SPDR Fund Call Options (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) saw some unusual options trading on Friday. Traders bought 235,459 call options on the company. This represents an increase of approximately 57% compared to the typical volume of 149,577 call options.

Financial Select Sector SPDR Fund Stock Performance

XLF stock opened at $54.84 on Friday. The company has a market cap of $55.26 billion, a price-to-earnings ratio of 18.25 and a beta of 0.99. The business’s 50-day moving average is $52.98 and its two-hundred day moving average is $52.74. Financial Select Sector SPDR Fund has a fifty-two week low of $42.21 and a fifty-two week high of $55.31.

Institutional Trading of Financial Select Sector SPDR Fund

Large investors have recently added to or reduced their stakes in the business. Greykasell Wealth Strategies Inc. purchased a new position in shares of Financial Select Sector SPDR Fund during the 3rd quarter worth $29,000. Abich Financial Wealth Management LLC bought a new position in Financial Select Sector SPDR Fund in the 3rd quarter worth $29,000. Wexford Capital LP purchased a new position in Financial Select Sector SPDR Fund during the third quarter valued at $29,000. Smartleaf Asset Management LLC increased its position in Financial Select Sector SPDR Fund by 193.0% in the first quarter. Smartleaf Asset Management LLC now owns 674 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 444 shares in the last quarter. Finally, BankPlus Trust Department raised its stake in shares of Financial Select Sector SPDR Fund by 722.9% in the second quarter. BankPlus Trust Department now owns 683 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 600 shares during the period. 72.51% of the stock is currently 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.