Investors Purchase Large Volume of Put Options on Utilities Select Sector SPDR Fund (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) saw some unusual options trading activity on Friday. Stock traders acquired 72,824 put options on the company. This is an increase of 84% compared to the typical daily volume of 39,523 put options.

Utilities Select Sector SPDR Fund Stock Up 1.2%

Shares of NYSEARCA XLU opened at $47.73 on Friday. The company has a market capitalization of $24.49 billion, a PE ratio of 20.74 and a beta of 0.59. The stock’s 50 day moving average price is $43.86 and its 200-day moving average price is $43.79. Utilities Select Sector SPDR Fund has a twelve month low of $35.51 and a twelve month high of $47.80.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

A number of hedge funds have recently made changes to their positions in the business. Southern Capital Services Inc. ADV bought a new position in Utilities Select Sector SPDR Fund during the fourth quarter valued at about $2,676,000. OakTrust Wealth Advisors LLC purchased a new position in Utilities Select Sector SPDR Fund in the fourth quarter valued at about $465,000. Anchor Investment Management LLC grew its position in shares of Utilities Select Sector SPDR Fund by 69.9% during the 4th quarter. Anchor Investment Management LLC now owns 2,705 shares of the exchange traded fund’s stock valued at $115,000 after acquiring an additional 1,113 shares during the period. TD Capital Management LLC increased its stake in shares of Utilities Select Sector SPDR Fund by 100.3% during the 4th quarter. TD Capital Management LLC now owns 4,052 shares of the exchange traded fund’s stock worth $173,000 after purchasing an additional 2,029 shares during the last quarter. Finally, KW Wealth Management LLC increased its stake in shares of Utilities Select Sector SPDR Fund by 122.7% during the 4th quarter. KW Wealth Management LLC now owns 21,921 shares of the exchange traded fund’s stock worth $936,000 after purchasing an additional 12,077 shares during the last quarter. 90.06% of the stock is currently owned by institutional investors.

About Utilities Select Sector SPDR Fund

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.