Investors Purchase High Volume of Put Options on Health Care Select Sector SPDR Fund (NYSEARCA:XLV)

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) was the target of some unusual options trading on Tuesday. Traders acquired 33,298 put options on the company. This represents an increase of approximately 57% compared to the average volume of 21,265 put options.

Institutional Trading of Health Care Select Sector SPDR Fund

A number of hedge funds have recently modified their holdings of XLV. Axiom Investment Management LLC acquired a new stake in Health Care Select Sector SPDR Fund during the first quarter worth approximately $25,000. Strive Financial Group LLC grew its position in shares of Health Care Select Sector SPDR Fund by 170.7% in the second quarter. Strive Financial Group LLC now owns 157 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 99 shares during the last quarter. Nalls Sherbakoff Group LLC bought a new position in shares of Health Care Select Sector SPDR Fund during the fourth quarter worth approximately $27,000. Orion Capital Management LLC increased its stake in shares of Health Care Select Sector SPDR Fund by 397.2% during the second quarter. Orion Capital Management LLC now owns 179 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 143 shares during the period. Finally, Parvin Asset Management LLC lifted its holdings in Health Care Select Sector SPDR Fund by 121.2% during the 1st quarter. Parvin Asset Management LLC now owns 200 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 1,143 shares during the last quarter.

Health Care Select Sector SPDR Fund Price Performance

Health Care Select Sector SPDR Fund stock traded down $3.65 during mid-day trading on Tuesday, hitting $167.81. 6,873,889 shares of the company’s stock traded hands, compared to its average volume of 11,488,467. The firm has a 50 day simple moving average of $166.01 and a two-hundred day simple moving average of $155.49. Health Care Select Sector SPDR Fund has a fifty-two week low of $133.73 and a fifty-two week high of $176.60. The stock has a market cap of $43.22 billion, a price-to-earnings ratio of 21.15 and a beta of 0.56.

About Health Care Select Sector SPDR Fund

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.