Traders Purchase Large Volume of Communication Services Select Sector SPDR Fund Put Options (NYSEARCA:XLC)

Communication Services Select Sector SPDR Fund (NYSEARCA:XLCGet Free Report) saw unusually large options trading on Wednesday. Traders acquired 7,619 put options on the company. This is an increase of 125% compared to the typical volume of 3,388 put options.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in XLC. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Communication Services Select Sector SPDR Fund in the 4th quarter valued at approximately $25,000. Windsor Advisory Group LLC acquired a new stake in shares of Communication Services Select Sector SPDR Fund during the 4th quarter worth approximately $28,000. Capital Investment Advisory Services LLC grew its holdings in shares of Communication Services Select Sector SPDR Fund by 4,775.0% during the 4th quarter. Capital Investment Advisory Services LLC now owns 390 shares of the company’s stock worth $28,000 after purchasing an additional 382 shares in the last quarter. Register Financial Advisors LLC acquired a new stake in shares of Communication Services Select Sector SPDR Fund during the 4th quarter worth approximately $32,000. Finally, New Millennium Group LLC acquired a new stake in shares of Communication Services Select Sector SPDR Fund during the 4th quarter worth approximately $33,000.

Communication Services Select Sector SPDR Fund Stock Up 0.1 %

Shares of XLC traded up $0.11 during midday trading on Wednesday, reaching $87.35. 1,739,461 shares of the stock were exchanged, compared to its average volume of 5,266,132. The company has a market cap of $19.12 billion, a price-to-earnings ratio of 29.67 and a beta of 1.15. The firm has a 50 day simple moving average of $83.69 and a 200-day simple moving average of $80.18. Communication Services Select Sector SPDR Fund has a 12-month low of $62.82 and a 12-month high of $87.85.

Communication Services Select Sector SPDR Fund Company Profile

(Get Free Report)

The Communication Services Select Sector SPDR Fund (XLC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of US telecommunication and media & entertainment components of the S&P 500 index. XLC was launched on Jun 18, 2018 and is managed by State Street.

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