Stock Traders Buy High Volume of Financial Select Sector SPDR Fund Put Options (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) saw some unusual options trading on Friday. Investors acquired 344,867 put options on the stock. This represents an increase of approximately 112% compared to the typical volume of 162,372 put options.

Institutional Trading of Financial Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Financial Select Sector SPDR Fund in the third quarter valued at about $29,000. Abich Financial Wealth Management LLC bought a new stake in Financial Select Sector SPDR Fund in the 3rd quarter valued at about $29,000. Wexford Capital LP acquired a new stake in Financial Select Sector SPDR Fund in the third quarter valued at approximately $29,000. Aventura Private Wealth LLC bought a new position in shares of Financial Select Sector SPDR Fund in the 4th quarter worth $31,000. Finally, BankPlus Trust Department lifted its position in Financial Select Sector SPDR Fund by 722.9% in the 2nd quarter. BankPlus Trust Department now owns 683 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 600 shares in the last quarter. 72.51% of the stock is currently owned by institutional investors.

Financial Select Sector SPDR Fund Trading Down 0.3%

Shares of Financial Select Sector SPDR Fund stock traded down $0.15 during trading on Friday, hitting $53.40. 25,646,650 shares of the stock were exchanged, compared to its average volume of 45,354,141. Financial Select Sector SPDR Fund has a 1-year low of $42.21 and a 1-year high of $56.51. The stock has a market capitalization of $55.87 billion, a price-to-earnings ratio of 18.25 and a beta of 0.99. The company has a fifty day moving average price of $54.24 and a 200-day moving average price of $53.38.

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.