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

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) was the recipient of some unusual options trading on Tuesday. Investors purchased 22,705 call options on the company. This represents an increase of approximately 35% compared to the average daily volume of 16,822 call options.

Health Care Select Sector SPDR Fund Stock Performance

Health Care Select Sector SPDR Fund stock traded up $2.74 during midday trading on Tuesday, hitting $164.70. 5,180,931 shares of the company’s stock were exchanged, compared to its average volume of 12,426,336. The company has a market cap of $42.23 billion, a PE ratio of 21.15 and a beta of 0.56. The firm has a 50-day moving average of $150.13 and a two-hundred day moving average of $152.15. Health Care Select Sector SPDR Fund has a 12 month low of $127.96 and a 12 month high of $165.61.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in Health Care Select Sector SPDR Fund by 11.7% during the 1st quarter. Bank of America Corp DE now owns 31,021,559 shares of the exchange traded fund’s stock valued at $4,548,071,000 after buying an additional 3,259,957 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Health Care Select Sector SPDR Fund by 21.4% in the fourth quarter. JPMorgan Chase & Co. now owns 16,768,323 shares of the exchange traded fund’s stock worth $2,595,737,000 after acquiring an additional 2,957,648 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Health Care Select Sector SPDR Fund by 191.2% during the third quarter. Focus Partners Wealth now owns 2,739,901 shares of the exchange traded fund’s stock worth $381,315,000 after acquiring an additional 1,799,103 shares during the last quarter. Rokos Capital Management LLP purchased a new stake in shares of Health Care Select Sector SPDR Fund during the fourth quarter worth about $256,589,000. Finally, State Street Corp increased its holdings in shares of Health Care Select Sector SPDR Fund by 897.6% during the second quarter. State Street Corp now owns 1,325,623 shares of the exchange traded fund’s stock valued at $178,681,000 after acquiring an additional 1,192,747 shares in the last quarter.

Health Care Select Sector SPDR Fund Company Profile

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.