Stock Traders Purchase High Volume of Call Options on Utilities Select Sector SPDR Fund (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) saw unusually large options trading on Monday. Stock investors acquired 43,489 call options on the stock. This represents an increase of 18% compared to the average daily volume of 36,812 call options.

Utilities Select Sector SPDR Fund Stock Down 0.8%

NYSEARCA:XLU traded down $0.35 on Monday, reaching $43.26. The company’s stock had a trading volume of 9,547,793 shares, compared to its average volume of 23,557,080. Utilities Select Sector SPDR Fund has a 12-month low of $41.15 and a 12-month high of $47.80. The stock has a 50 day moving average price of $44.89 and a 200 day moving average price of $45.26. The firm has a market cap of $22.36 billion, a price-to-earnings ratio of 20.74 and a beta of 0.58.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. High Falls Advisors Inc lifted its position in Utilities Select Sector SPDR Fund by 2.5% during the second quarter. High Falls Advisors Inc now owns 4,754 shares of the exchange traded fund’s stock worth $388,000 after buying an additional 118 shares during the period. Navis Wealth Advisors LLC grew its holdings in Utilities Select Sector SPDR Fund by 2.1% in the 3rd quarter. Navis Wealth Advisors LLC now owns 5,774 shares of the exchange traded fund’s stock valued at $504,000 after buying an additional 120 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in Utilities Select Sector SPDR Fund by 2.4% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 6,006 shares of the exchange traded fund’s stock valued at $524,000 after buying an additional 142 shares during the period. Basso Capital Management L.P. increased its stake in shares of Utilities Select Sector SPDR Fund by 32.5% during the 4th quarter. Basso Capital Management L.P. now owns 884 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 217 shares during the last quarter. Finally, Advance Capital Management Inc. increased its stake in shares of Utilities Select Sector SPDR Fund by 3.0% during the 1st quarter. Advance Capital Management Inc. now owns 7,434 shares of the exchange traded fund’s stock valued at $341,000 after acquiring an additional 217 shares during the last quarter. Institutional investors and hedge funds own 90.06% of the company’s stock.

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.