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

Financial Select Sector SPDR Fund (NYSEARCA:XLF) saw some unusual options trading on Monday. Traders acquired 283,007 call options on the company. This is an increase of approximately 24% compared to the typical daily volume of 227,517 call options.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Lewis Asset Management LLC raised its stake in shares of Financial Select Sector SPDR Fund by 2.9% in the fourth quarter. Lewis Asset Management LLC now owns 6,537 shares of the exchange traded fund’s stock worth $358,000 after buying an additional 186 shares during the period. True Vision MN LLC increased its stake in Financial Select Sector SPDR Fund by 1.4% in the 4th quarter. True Vision MN LLC now owns 13,833 shares of the exchange traded fund’s stock worth $758,000 after buying an additional 188 shares in the last quarter. Mather Group LLC. increased its stake in Financial Select Sector SPDR Fund by 3.8% in the 4th quarter. Mather Group LLC. now owns 5,109 shares of the exchange traded fund’s stock worth $280,000 after buying an additional 188 shares in the last quarter. Smallwood Wealth Investment Management LLC increased its stake in Financial Select Sector SPDR Fund by 20.8% in the 4th quarter. Smallwood Wealth Investment Management LLC now owns 1,097 shares of the exchange traded fund’s stock worth $60,000 after buying an additional 189 shares in the last quarter. Finally, Sloy Dahl & Holst LLC increased its stake in Financial Select Sector SPDR Fund by 4.1% in the 4th quarter. Sloy Dahl & Holst LLC now owns 4,859 shares of the exchange traded fund’s stock worth $266,000 after buying an additional 190 shares in the last quarter. Institutional investors own 72.51% of the company’s stock.

Financial Select Sector SPDR Fund Stock Performance

Shares of NYSEARCA XLF traded up $0.27 during trading on Monday, hitting $53.61. The company had a trading volume of 28,025,228 shares, compared to its average volume of 46,914,434. The stock has a 50 day simple moving average of $51.59 and a 200 day simple moving average of $52.35. Financial Select Sector SPDR Fund has a 12 month low of $47.67 and a 12 month high of $56.51. The firm has a market capitalization of $52.87 billion, a P/E ratio of 18.25 and a beta of 0.86.

About Financial Select Sector SPDR Fund

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.