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

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) saw unusually large options trading activity on Tuesday. Traders acquired 71,282 put options on the company. This represents an increase of approximately 53% compared to the average volume of 46,541 put options.

Utilities Select Sector SPDR Fund Price Performance

XLU opened at $46.78 on Thursday. Utilities Select Sector SPDR Fund has a fifty-two week low of $35.51 and a fifty-two week high of $47.80. The firm has a market capitalization of $24.72 billion, a PE ratio of 20.74 and a beta of 0.62. The company’s 50-day moving average is $45.79 and its 200 day moving average is $44.55.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently made changes to their positions in XLU. Aventura Private Wealth LLC acquired a new stake in shares of Utilities Select Sector SPDR Fund in the 4th quarter worth about $25,000. Kelleher Financial Advisors acquired a new stake in shares of Utilities Select Sector SPDR Fund in the 4th quarter worth about $25,000. Davis Capital Management acquired a new stake in shares of Utilities Select Sector SPDR Fund in the 3rd quarter worth about $26,000. Piscataqua Savings Bank raised its holdings in shares of Utilities Select Sector SPDR Fund by 100.0% in the 4th quarter. Piscataqua Savings Bank now owns 600 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 300 shares during the last quarter. Finally, Paladin Advisory Group LLC raised its holdings in shares of Utilities Select Sector SPDR Fund by 100.0% in the 4th quarter. Paladin Advisory Group LLC now owns 616 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 308 shares during the last quarter. Institutional investors and hedge funds own 90.06% of the company’s stock.

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.