Utilities Select Sector SPDR Fund Sees Unusually Large Options Volume (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) saw unusually large options trading activity on Monday. Stock investors bought 35,920 put options on the company. This is an increase of 49% compared to the average volume of 24,041 put options.

Utilities Select Sector SPDR Fund Stock Up 0.5%

Shares of Utilities Select Sector SPDR Fund stock traded up $0.24 during mid-day trading on Monday, hitting $43.02. The stock had a trading volume of 9,298,935 shares, compared to its average volume of 22,117,762. The firm has a 50-day moving average of $44.11 and a two-hundred day moving average of $43.03. The firm has a market cap of $21.73 billion, a P/E ratio of 20.74 and a beta of 0.59. Utilities Select Sector SPDR Fund has a 12-month low of $35.51 and a 12-month high of $46.88.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XLU. Triumph Capital Management acquired a new stake in shares of Utilities Select Sector SPDR Fund during the 3rd quarter worth about $80,000. Keel Point LLC increased its position in shares of Utilities Select Sector SPDR Fund by 30.3% during the third quarter. Keel Point LLC now owns 14,196 shares of the exchange traded fund’s stock valued at $1,238,000 after acquiring an additional 3,304 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Utilities Select Sector SPDR Fund in the 3rd quarter valued at approximately $34,000. IFP Advisors Inc raised its stake in shares of Utilities Select Sector SPDR Fund by 2.5% in the 3rd quarter. IFP Advisors Inc now owns 70,994 shares of the exchange traded fund’s stock valued at $6,192,000 after acquiring an additional 1,765 shares during the period. Finally, Manhattan West Asset Management LLC lifted its holdings in shares of Utilities Select Sector SPDR Fund by 4.5% in the 3rd quarter. Manhattan West Asset Management LLC now owns 118,099 shares of the exchange traded fund’s stock worth $10,299,000 after acquiring an additional 5,039 shares during the last quarter. Hedge funds and other institutional investors own 90.06% of the company’s stock.

Utilities Select Sector SPDR Fund Company Profile

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.