Health Care Select Sector SPDR Fund Sees Unusually High Options Volume (NYSEARCA:XLV)

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) was the target of unusually large options trading on Wednesday. Stock investors acquired 26,752 put options on the stock. This represents an increase of 29% compared to the typical daily volume of 20,672 put options.

Institutional Investors Weigh In On Health Care Select Sector SPDR Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Axiom Investment Management LLC acquired a new stake in Health Care Select Sector SPDR Fund during the 1st quarter valued at approximately $25,000. Strive Financial Group LLC lifted its holdings in shares of Health Care Select Sector SPDR Fund by 170.7% during the 2nd quarter. Strive Financial Group LLC now owns 157 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 99 shares during the last quarter. PFS Partners LLC bought a new position in shares of Health Care Select Sector SPDR Fund in the third quarter worth about $25,000. Vima LLC acquired a new position in shares of Health Care Select Sector SPDR Fund in the third quarter valued at $25,000. Finally, Orion Capital Management LLC raised its stake in shares of Health Care Select Sector SPDR Fund by 397.2% in the second quarter. Orion Capital Management LLC now owns 179 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 143 shares during the last quarter.

Health Care Select Sector SPDR Fund Stock Up 0.5%

NYSEARCA XLV traded up $0.92 during trading on Wednesday, hitting $180.10. The stock had a trading volume of 5,829,588 shares, compared to its average volume of 10,938,549. Health Care Select Sector SPDR Fund has a twelve month low of $141.97 and a twelve month high of $182.25. The firm has a 50 day moving average price of $171.60 and a 200 day moving average price of $158.41. The company has a market capitalization of $47.78 billion, a PE ratio of 21.15 and a beta of 0.55.

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.