Stock Traders Purchase 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 some unusual options trading activity on Wednesday. Investors bought 33,624 put options on the stock. This is an increase of 59% compared to the average daily volume of 21,177 put options.

Health Care Select Sector SPDR Fund Price Performance

XLV traded down $1.69 on Wednesday, reaching $169.04. 8,308,247 shares of the stock were exchanged, compared to its average volume of 11,193,017. The company’s 50-day moving average price is $168.36 and its 200 day moving average price is $156.85. The firm has a market capitalization of $43.35 billion, a PE ratio of 21.15 and a beta of 0.56. Health Care Select Sector SPDR Fund has a fifty-two week low of $139.60 and a fifty-two week high of $176.60.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of Health Care Select Sector SPDR Fund by 11.7% in the first 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 stake in Health Care Select Sector SPDR Fund by 21.4% during the 4th quarter. JPMorgan Chase & Co. now owns 16,768,323 shares of the exchange traded fund’s stock worth $2,595,737,000 after purchasing an additional 2,957,648 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of Health Care Select Sector SPDR Fund by 13.1% in the fourth quarter. Focus Partners Wealth now owns 3,098,148 shares of the exchange traded fund’s stock worth $479,573,000 after buying an additional 358,247 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Health Care Select Sector SPDR Fund by 373.3% in the fourth quarter. Cerity Partners LLC now owns 304,466 shares of the exchange traded fund’s stock valued at $47,131,000 after purchasing an additional 240,131 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. grew its holdings in Health Care Select Sector SPDR Fund by 274.6% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 266,000 shares of the exchange traded fund’s stock valued at $41,177,000 after buying an additional 195,000 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.