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

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the target of some unusual options trading activity on Monday. Stock traders acquired 257,668 put options on the stock. This represents an increase of approximately 40% compared to the typical volume of 183,420 put options.

Financial Select Sector SPDR Fund Stock Up 0.5%

XLF stock opened at $50.98 on Wednesday. Financial Select Sector SPDR Fund has a twelve month low of $42.21 and a twelve month high of $56.51. The company has a market cap of $52.74 billion, a PE ratio of 18.25 and a beta of 0.99. The business’s 50-day simple moving average is $53.98 and its 200 day simple moving average is $53.44.

Institutional Trading of Financial Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently modified their holdings of XLF. JPMorgan Chase & Co. increased its holdings in Financial Select Sector SPDR Fund by 16.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 133,084,547 shares of the exchange traded fund’s stock valued at $7,169,265,000 after buying an additional 18,724,516 shares during the period. Bank of America Corp DE boosted its position in shares of Financial Select Sector SPDR Fund by 22.9% during the 4th quarter. Bank of America Corp DE now owns 80,614,166 shares of the exchange traded fund’s stock valued at $4,415,238,000 after acquiring an additional 15,014,591 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Financial Select Sector SPDR Fund by 20.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 22,039,582 shares of the exchange traded fund’s stock valued at $1,187,272,000 after acquiring an additional 3,697,754 shares in the last quarter. Raymond James Financial Inc. increased its stake in Financial Select Sector SPDR Fund by 20.3% in the fourth quarter. Raymond James Financial Inc. now owns 16,288,590 shares of the exchange traded fund’s stock valued at $892,126,000 after acquiring an additional 2,753,084 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Financial Select Sector SPDR Fund by 23.2% in the third quarter. Ameriprise Financial Inc. now owns 14,244,098 shares of the exchange traded fund’s stock worth $767,375,000 after purchasing an additional 2,682,361 shares in the last quarter. 72.51% of the stock is currently owned by institutional investors.

Financial Select Sector SPDR Fund Company Profile

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.