Financial Select Sector SPDR Fund Sees Unusually Large Options Volume (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the recipient of unusually large options trading activity on Thursday. Traders acquired 330,331 call options on the company. This is an increase of 40% compared to the typical daily volume of 236,132 call options.

Institutional Trading of Financial Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XLF. MGB Wealth Management LLC boosted its position in shares of Financial Select Sector SPDR Fund by 2.1% during the 4th quarter. MGB Wealth Management LLC now owns 9,980 shares of the exchange traded fund’s stock valued at $482,000 after purchasing an additional 203 shares in the last quarter. Braun Stacey Associates Inc. boosted its holdings in shares of Financial Select Sector SPDR Fund by 1.8% during the 4th quarter. Braun Stacey Associates Inc. now owns 11,932 shares of the exchange traded fund’s stock worth $577,000 after buying an additional 215 shares in the last quarter. Arlington Capital Management Inc. grew its position in shares of Financial Select Sector SPDR Fund by 4.1% during the 3rd quarter. Arlington Capital Management Inc. now owns 5,599 shares of the exchange traded fund’s stock worth $254,000 after buying an additional 222 shares during the period. James Investment Research Inc. increased its stake in shares of Financial Select Sector SPDR Fund by 1.9% in the 4th quarter. James Investment Research Inc. now owns 11,915 shares of the exchange traded fund’s stock valued at $576,000 after acquiring an additional 222 shares in the last quarter. Finally, One Wealth Management Investment & Advisory Services LLC lifted its position in shares of Financial Select Sector SPDR Fund by 2.7% during the 3rd quarter. One Wealth Management Investment & Advisory Services LLC now owns 8,419 shares of the exchange traded fund’s stock valued at $382,000 after acquiring an additional 224 shares during the period.

Financial Select Sector SPDR Fund Trading Down 0.6 %

Shares of XLF opened at $51.47 on Friday. The stock’s 50-day moving average price is $49.62 and its two-hundred day moving average price is $46.86. Financial Select Sector SPDR Fund has a 12 month low of $38.25 and a 12 month high of $52.04. The company has a market capitalization of $47.98 billion, a PE ratio of 18.32 and a beta of 0.83.

Financial Select Sector SPDR Fund Company Profile

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.