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 Monday. Stock traders purchased 299,102 put options on the company. This represents an increase of approximately 59% compared to the average volume of 187,626 put options.

Financial Select Sector SPDR Fund Stock Down 1.2%

Shares of XLF stock traded down $0.65 on Monday, reaching $54.19. The company had a trading volume of 39,794,793 shares, compared to its average volume of 41,443,820. The business’s 50-day moving average is $57.08 and its 200 day moving average is $53.80. Financial Select Sector SPDR Fund has a one year low of $47.67 and a one year high of $58.60. The stock has a market capitalization of $51.29 billion, a PE ratio of 18.25 and a beta of 0.85.

Institutional Trading of Financial Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently modified their holdings of XLF. Montgomery Financial Services LLC acquired a new stake in shares of Financial Select Sector SPDR Fund during the 2nd quarter valued at $26,000. Strengthening Families & Communities LLC increased its holdings in Financial Select Sector SPDR Fund by 96.6% in the 2nd quarter. Strengthening Families & Communities LLC now owns 576 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 283 shares in the last quarter. Outlook Capital Management LLC acquired a new position in Financial Select Sector SPDR Fund in the 2nd quarter worth about $36,000. Financial Management Professionals Inc. bought a new position in Financial Select Sector SPDR Fund in the second quarter valued at about $44,000. Finally, Hilton Head Capital Partners LLC bought a new position in Financial Select Sector SPDR Fund in the fourth quarter valued at about $45,000. Institutional investors own 72.51% of the company’s stock.

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.