Energy Select Sector SPDR Fund Sees Unusually High Options Volume (NYSEARCA:XLE)

Energy Select Sector SPDR Fund (NYSEARCA:XLE) was the target of some unusual options trading on Thursday. Traders purchased 209,075 call options on the company. This represents an increase of 82% compared to the average daily volume of 114,789 call options.

Energy Select Sector SPDR Fund Stock Performance

Shares of Energy Select Sector SPDR Fund stock opened at $51.05 on Friday. The business’s 50 day moving average price is $46.19 and its 200 day moving average price is $44.74. The company has a market cap of $32.03 billion, a price-to-earnings ratio of 15.59 and a beta of 0.77. Energy Select Sector SPDR Fund has a one year low of $37.24 and a one year high of $51.73.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

Hedge funds have recently modified their holdings of the company. Wagner Wealth Management LLC boosted its holdings in Energy Select Sector SPDR Fund by 270.3% in the 3rd quarter. Wagner Wealth Management LLC now owns 274 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 200 shares during the last quarter. GoalVest Advisory LLC raised its position in shares of Energy Select Sector SPDR Fund by 72.2% during the 3rd quarter. GoalVest Advisory LLC now owns 365 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 153 shares during the period. Roble Belko & Company Inc lifted its holdings in Energy Select Sector SPDR Fund by 92.6% in the third quarter. Roble Belko & Company Inc now owns 366 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 176 shares during the last quarter. Hager Investment Management Services LLC grew its position in Energy Select Sector SPDR Fund by 45.8% in the third quarter. Hager Investment Management Services LLC now owns 366 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 115 shares during the period. Finally, Davis Capital Management acquired a new stake in Energy Select Sector SPDR Fund during the third quarter worth $36,000.

About Energy Select Sector SPDR Fund

Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services. The Fund’s investment advisor is SSgA Funds Management, Inc