Investors Buy High Volume of Utilities Select Sector SPDR Fund Call Options (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) was the recipient of some unusual options trading activity on Monday. Investors purchased 178,841 call options on the company. This is an increase of approximately 633% compared to the average daily volume of 24,392 call options.

Utilities Select Sector SPDR Fund Price Performance

Shares of XLU stock opened at $42.91 on Wednesday. The company has a market capitalization of $21.92 billion, a PE ratio of 20.74 and a beta of 0.59. The firm’s 50-day moving average is $43.75 and its two-hundred day moving average is $43.15. Utilities Select Sector SPDR Fund has a 12 month low of $35.51 and a 12 month high of $46.88.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in XLU. Davis Capital Management purchased a new stake in Utilities Select Sector SPDR Fund in the third quarter valued at $26,000. SJS Investment Consulting Inc. grew its holdings in shares of Utilities Select Sector SPDR Fund by 171.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 312 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 197 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Utilities Select Sector SPDR Fund during the 3rd quarter worth about $30,000. Bell Investment Advisors Inc acquired a new stake in shares of Utilities Select Sector SPDR Fund during the 2nd quarter worth about $30,000. Finally, Missouri Trust & Investment Co raised its holdings in Utilities Select Sector SPDR Fund by 148.0% in the 2nd quarter. Missouri Trust & Investment Co now owns 372 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 222 shares during the period. 90.06% of the stock is currently owned by institutional investors and hedge funds.

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.