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 Monday. Stock investors acquired 257,668 put options on the company. This represents an increase of approximately 40% compared to the average daily volume of 183,420 put options.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently modified their holdings of XLF. May Hill Capital LLC bought a new stake in shares of Financial Select Sector SPDR Fund in the 2nd quarter worth about $234,000. Corrado Advisors LLC grew its stake in Financial Select Sector SPDR Fund by 6.3% in the second quarter. Corrado Advisors LLC now owns 55,881 shares of the exchange traded fund’s stock worth $2,926,000 after purchasing an additional 3,334 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in Financial Select Sector SPDR Fund by 214.4% in the second quarter. Flagship Harbor Advisors LLC now owns 267,893 shares of the exchange traded fund’s stock worth $14,030,000 after purchasing an additional 182,690 shares in the last quarter. Simon Quick Advisors LLC increased its holdings in Financial Select Sector SPDR Fund by 880.4% in the second quarter. Simon Quick Advisors LLC now owns 275,089 shares of the exchange traded fund’s stock valued at $14,406,000 after buying an additional 247,029 shares during the last quarter. Finally, Spinnaker Trust raised its stake in Financial Select Sector SPDR Fund by 0.9% during the second quarter. Spinnaker Trust now owns 492,596 shares of the exchange traded fund’s stock valued at $25,797,000 after buying an additional 4,284 shares in the last quarter. 72.51% of the stock is currently owned by hedge funds and other institutional investors.

Financial Select Sector SPDR Fund Price Performance

Shares of XLF stock traded down $1.76 during midday trading on Monday, reaching $50.73. 94,172,651 shares of the company traded hands, compared to its average volume of 51,159,828. The firm’s 50 day simple moving average is $54.14 and its two-hundred day simple moving average is $53.45. The firm has a market cap of $52.48 billion, a PE ratio of 18.25 and a beta of 0.99. Financial Select Sector SPDR Fund has a 1-year low of $42.21 and a 1-year high of $56.51.

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.