Traders Purchase Large Volume of Utilities Select Sector SPDR Fund Call Options (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 48,358 call options on the company. This represents an increase of approximately 48% compared to the average volume of 32,665 call options.

Utilities Select Sector SPDR Fund Stock Up 1.6 %

Shares of XLU opened at $82.90 on Wednesday. Utilities Select Sector SPDR Fund has a 52 week low of $59.14 and a 52 week high of $82.95. The company has a market capitalization of $14.90 billion, a price-to-earnings ratio of 23.76 and a beta of 0.49. The stock’s 50-day moving average price is $80.04 and its 200-day moving average price is $75.02.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nvest Financial LLC boosted its holdings in Utilities Select Sector SPDR Fund by 0.8% during the 3rd quarter. Nvest Financial LLC now owns 16,627 shares of the exchange traded fund’s stock valued at $1,343,000 after acquiring an additional 130 shares during the period. Sage Capital Advisors llc increased its stake in Utilities Select Sector SPDR Fund by 0.5% in the third quarter. Sage Capital Advisors llc now owns 29,541 shares of the exchange traded fund’s stock valued at $2,386,000 after purchasing an additional 133 shares during the period. Carson Advisory Inc. raised its stake in Utilities Select Sector SPDR Fund by 1.7% during the 2nd quarter. Carson Advisory Inc. now owns 8,435 shares of the exchange traded fund’s stock valued at $575,000 after acquiring an additional 137 shares during the last quarter. Paragon Financial Partners Inc. raised its stake in shares of Utilities Select Sector SPDR Fund by 0.3% during the second quarter. Paragon Financial Partners Inc. now owns 48,018 shares of the exchange traded fund’s stock worth $3,272,000 after purchasing an additional 139 shares during the last quarter. Finally, Successful Portfolios LLC lifted its stake in shares of Utilities Select Sector SPDR Fund by 3.5% in the 3rd quarter. Successful Portfolios LLC now owns 4,156 shares of the exchange traded fund’s stock worth $336,000 after acquiring an additional 140 shares during the period.

Utilities Select Sector SPDR Fund Company Profile

Select Sector Utilities Select Sector SPDR Fund (the Fund), formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The Index includes companies from industries, such as electric utilities, multi-utilities, independent power producers and energy traders, and gas utilities.