Health Care Select Sector SPDR Fund Target of Unusually Large Options Trading (NYSEARCA:XLV)

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) was the recipient of some unusual options trading activity on Friday. Investors bought 38,384 put options on the company. This represents an increase of approximately 75% compared to the average volume of 21,944 put options.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Several large investors have recently made changes to their positions in XLV. Strategic Advocates LLC bought a new position in Health Care Select Sector SPDR Fund during the 3rd quarter valued at approximately $27,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Health Care Select Sector SPDR Fund in the third quarter worth $28,000. BankPlus Trust Department increased its holdings in shares of Health Care Select Sector SPDR Fund by 625.0% during the second quarter. BankPlus Trust Department now owns 203 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 175 shares in the last quarter. Louisbourg Investments Inc. purchased a new position in shares of Health Care Select Sector SPDR Fund in the 3rd quarter worth about $29,000. Finally, Greykasell Wealth Strategies Inc. purchased a new position in shares of Health Care Select Sector SPDR Fund in the 3rd quarter worth about $29,000.

Health Care Select Sector SPDR Fund Price Performance

Shares of Health Care Select Sector SPDR Fund stock opened at $156.05 on Friday. Health Care Select Sector SPDR Fund has a 1 year low of $127.35 and a 1 year high of $158.95. The firm has a market cap of $39.49 billion, a price-to-earnings ratio of 21.15 and a beta of 0.63. The company has a 50-day moving average of $151.40 and a 200 day moving average of $141.58.

About Health Care Select Sector SPDR Fund

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.