Traders Buy High Volume of Financial Select Sector SPDR Fund Call Options (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) saw unusually large options trading on Wednesday. Stock traders acquired 161,621 call options on the company. This represents an increase of approximately 15% compared to the average daily volume of 140,461 call options.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

A number of institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. raised its holdings in Financial Select Sector SPDR Fund by 7.1% during the second quarter. Sunbelt Securities Inc. now owns 3,541 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 234 shares in the last quarter. CMG Global Holdings LLC grew its position in shares of Financial Select Sector SPDR Fund by 0.7% in the second quarter. CMG Global Holdings LLC now owns 34,425 shares of the exchange traded fund’s stock valued at $1,415,000 after purchasing an additional 240 shares during the last quarter. Sigma Investment Counselors Inc. grew its position in Financial Select Sector SPDR Fund by 0.7% during the second quarter. Sigma Investment Counselors Inc. now owns 37,813 shares of the exchange traded fund’s stock worth $1,554,000 after buying an additional 245 shares in the last quarter. Adirondack Trust Co. grew its position in Financial Select Sector SPDR Fund by 1.8% during the first quarter. Adirondack Trust Co. now owns 14,386 shares of the exchange traded fund’s stock worth $606,000 after buying an additional 250 shares in the last quarter. Finally, Manchester Capital Management LLC grew its position in Financial Select Sector SPDR Fund by 4.3% during the first quarter. Manchester Capital Management LLC now owns 6,100 shares of the exchange traded fund’s stock worth $257,000 after buying an additional 250 shares in the last quarter.

Financial Select Sector SPDR Fund Stock Up 0.1 %

Shares of Financial Select Sector SPDR Fund stock traded up $0.05 during trading on Wednesday, reaching $44.85. 17,334,781 shares of the company were exchanged, compared to its average volume of 41,525,523. Financial Select Sector SPDR Fund has a twelve month low of $31.35 and a twelve month high of $45.15. The business has a 50-day moving average price of $42.49 and a 200-day moving average price of $41.46. The firm has a market capitalization of $41.81 billion, a price-to-earnings ratio of 18.32 and a beta of 0.83.

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.