Investors Buy High Volume of Put Options on Health Care Select Sector SPDR Fund (NYSEARCA:XLV)

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) was the recipient of unusually large options trading activity on Tuesday. Investors acquired 55,635 put options on the stock. This is an increase of 168% compared to the average volume of 20,759 put options.

Institutional Trading of Health Care Select Sector SPDR Fund

Hedge funds have recently added to or reduced their stakes in the company. BankPlus Trust Department grew its stake in shares of Health Care Select Sector SPDR Fund by 625.0% during the second quarter. BankPlus Trust Department now owns 203 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 175 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in Health Care Select Sector SPDR Fund during the third quarter worth approximately $28,000. Wagner Wealth Management LLC boosted its holdings in Health Care Select Sector SPDR Fund by 87.7% in the second quarter. Wagner Wealth Management LLC now owns 214 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. Louisbourg Investments Inc. acquired a new position in Health Care Select Sector SPDR Fund in the third quarter valued at approximately $29,000. Finally, Greykasell Wealth Strategies Inc. purchased a new position in Health Care Select Sector SPDR Fund in the third quarter valued at approximately $29,000.

Health Care Select Sector SPDR Fund Trading Up 0.9%

NYSEARCA:XLV traded up $1.33 during midday trading on Tuesday, reaching $153.03. The company had a trading volume of 16,529,882 shares, compared to its average volume of 11,640,719. Health Care Select Sector SPDR Fund has a 12-month low of $127.35 and a 12-month high of $154.51. The firm has a market capitalization of $38.73 billion, a price-to-earnings ratio of 21.15 and a beta of 0.63. The stock’s fifty day simple moving average is $142.88 and its 200-day simple moving average is $137.28.

About Health Care Select Sector SPDR Fund

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).