Investors Purchase Large Volume of Put Options on Energy Select Sector SPDR Fund (NYSEARCA:XLE)

Energy Select Sector SPDR Fund (NYSEARCA:XLE) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 185,419 put options on the stock. This is an increase of approximately 72% compared to the typical daily volume of 107,989 put options.

Energy Select Sector SPDR Fund Stock Performance

Shares of NYSEARCA:XLE opened at $88.03 on Friday. The firm’s 50 day simple moving average is $90.48 and its 200-day simple moving average is $90.06. Energy Select Sector SPDR Fund has a one year low of $78.98 and a one year high of $98.97. The firm has a market cap of $38.15 billion, a PE ratio of 8.52 and a beta of 0.48.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in Energy Select Sector SPDR Fund by 20.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,323,494 shares of the exchange traded fund’s stock valued at $730,803,000 after buying an additional 1,425,173 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Energy Select Sector SPDR Fund by 8.6% during the second quarter. LPL Financial LLC now owns 8,093,261 shares of the exchange traded fund’s stock valued at $737,701,000 after acquiring an additional 640,023 shares in the last quarter. Hamilton Capital LLC raised its position in shares of Energy Select Sector SPDR Fund by 5.7% in the 3rd quarter. Hamilton Capital LLC now owns 3,358,057 shares of the exchange traded fund’s stock valued at $297,490,000 after purchasing an additional 180,173 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Energy Select Sector SPDR Fund by 27.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,103,995 shares of the exchange traded fund’s stock worth $282,929,000 after purchasing an additional 671,582 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in Energy Select Sector SPDR Fund by 5,339.3% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,823,525 shares of the exchange traded fund’s stock worth $160,105,000 after purchasing an additional 1,790,000 shares during the last quarter.

Energy Select Sector SPDR Fund Company Profile

Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services.