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

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the recipient of unusually large options trading on Friday. Traders purchased 235,459 call options on the stock. This is an increase of approximately 57% compared to the typical daily volume of 149,577 call options.

Financial Select Sector SPDR Fund Stock Performance

XLF traded up $0.30 during mid-day trading on Friday, reaching $54.84. The stock had a trading volume of 45,559,736 shares, compared to its average volume of 43,091,098. The firm’s fifty day simple moving average is $52.92 and its two-hundred day simple moving average is $52.70. The stock has a market capitalization of $55.26 billion, a P/E ratio of 18.25 and a beta of 0.99. Financial Select Sector SPDR Fund has a 52 week low of $42.21 and a 52 week high of $55.31.

Institutional Trading of Financial Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XLF. IFP Advisors Inc boosted its position in shares of Financial Select Sector SPDR Fund by 302.5% in the 3rd quarter. IFP Advisors Inc now owns 148,381 shares of the exchange traded fund’s stock worth $7,993,000 after purchasing an additional 111,517 shares during the last quarter. Strategic Advocates LLC acquired a new position in Financial Select Sector SPDR Fund in the third quarter valued at about $151,000. KERR FINANCIAL PLANNING Corp bought a new position in Financial Select Sector SPDR Fund during the third quarter worth about $61,000. CIBC Private Wealth Group LLC grew its position in shares of Financial Select Sector SPDR Fund by 4.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 96,572 shares of the exchange traded fund’s stock worth $5,202,000 after buying an additional 4,365 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Financial Select Sector SPDR Fund during the 3rd quarter worth about $7,536,000. 72.51% of the stock is currently owned by institutional investors and hedge funds.

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.