Utilities Select Sector SPDR Fund Sees Unusually Large Options Volume (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) was the recipient of unusually large options trading on Wednesday. Investors purchased 43,119 call options on the stock. This represents an increase of 14% compared to the typical volume of 37,960 call options.

Utilities Select Sector SPDR Fund Price Performance

Utilities Select Sector SPDR Fund stock opened at $47.18 on Friday. The stock has a market capitalization of $24.21 billion, a PE ratio of 20.74 and a beta of 0.59. The business has a 50 day simple moving average of $43.75 and a 200-day simple moving average of $43.75. Utilities Select Sector SPDR Fund has a 12 month low of $35.51 and a 12 month high of $47.43.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

A number of large investors have recently made changes to their positions in the stock. Anchor Investment Management LLC boosted its stake in Utilities Select Sector SPDR Fund by 69.9% during the fourth quarter. Anchor Investment Management LLC now owns 2,705 shares of the exchange traded fund’s stock worth $115,000 after buying an additional 1,113 shares during the last quarter. TD Capital Management LLC raised its holdings in shares of Utilities Select Sector SPDR Fund by 100.3% during the 4th quarter. TD Capital Management LLC now owns 4,052 shares of the exchange traded fund’s stock worth $173,000 after acquiring an additional 2,029 shares during the period. KW Wealth Management LLC boosted its position in shares of Utilities Select Sector SPDR Fund by 122.7% during the 4th quarter. KW Wealth Management LLC now owns 21,921 shares of the exchange traded fund’s stock valued at $936,000 after acquiring an additional 12,077 shares during the last quarter. Floyd Financial Group LLC boosted its position in shares of Utilities Select Sector SPDR Fund by 154.0% during the 4th quarter. Floyd Financial Group LLC now owns 121,471 shares of the exchange traded fund’s stock valued at $5,628,000 after acquiring an additional 73,645 shares during the last quarter. Finally, Clear Retirement Advice LLC purchased a new stake in shares of Utilities Select Sector SPDR Fund in the fourth quarter valued at about $287,000. 90.06% of the stock is currently owned by hedge funds and other institutional investors.

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.