Financial Select Sector SPDR Fund Sees Unusually Large Options Volume (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the target of some unusual options trading activity on Monday. Stock investors purchased 299,102 put options on the company. This represents an increase of approximately 59% compared to the typical volume of 187,626 put options.

Hedge Funds Weigh In On Financial Select Sector SPDR Fund

Several large investors have recently modified their holdings of the business. Montgomery Financial Services LLC acquired a new position in shares of Financial Select Sector SPDR Fund during the second quarter worth $26,000. Strengthening Families & Communities LLC increased its holdings in Financial Select Sector SPDR Fund by 96.6% in the second quarter. Strengthening Families & Communities LLC now owns 576 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 283 shares during the period. Outlook Capital Management LLC acquired a new stake in Financial Select Sector SPDR Fund in the second quarter valued at $36,000. Financial Management Professionals Inc. acquired a new stake in Financial Select Sector SPDR Fund in the second quarter valued at $44,000. Finally, Hilton Head Capital Partners LLC bought a new position in Financial Select Sector SPDR Fund during the 4th quarter worth $45,000. Institutional investors own 72.51% of the company’s stock.

Financial Select Sector SPDR Fund Trading Down 1.2%

NYSEARCA:XLF traded down $0.65 during mid-day trading on Monday, hitting $54.19. 39,794,793 shares of the company’s stock were exchanged, compared to its average volume of 41,443,820. The company has a 50 day simple moving average of $57.08 and a 200-day simple moving average of $53.80. Financial Select Sector SPDR Fund has a fifty-two week low of $47.67 and a fifty-two week high of $58.60. The firm has a market capitalization of $51.29 billion, a P/E ratio of 18.25 and a beta of 0.85.

About Financial Select Sector SPDR Fund

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.