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

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the recipient of some unusual options trading on Friday. Investors bought 344,867 put options on the company. This represents an increase of 112% compared to the typical daily volume of 162,372 put options.

Institutional Trading of Financial Select Sector SPDR Fund

A number of institutional investors have recently made changes to their positions in the business. Greykasell Wealth Strategies Inc. bought a new position in shares of Financial Select Sector SPDR Fund in the 3rd quarter valued at about $29,000. Abich Financial Wealth Management LLC acquired a new stake in Financial Select Sector SPDR Fund in the 3rd quarter valued at about $29,000. Wexford Capital LP bought a new position in Financial Select Sector SPDR Fund during the third quarter worth about $29,000. Aventura Private Wealth LLC bought a new position in Financial Select Sector SPDR Fund during the fourth quarter worth about $31,000. Finally, BankPlus Trust Department increased its position in Financial Select Sector SPDR Fund by 722.9% during 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 last quarter. Institutional investors own 72.51% of the company’s stock.

Financial Select Sector SPDR Fund Stock Down 0.2%

Shares of Financial Select Sector SPDR Fund stock opened at $53.44 on Friday. The business has a fifty day simple moving average of $54.28 and a 200 day simple moving average of $53.39. The stock has a market cap of $55.91 billion, a PE ratio of 18.25 and a beta of 0.99. Financial Select Sector SPDR Fund has a 12 month low of $42.21 and a 12 month high of $56.51.

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.