Communication Services Select Sector SPDR Fund (NYSEARCA:XLC – Get Free Report) was the target of some unusual options trading on Tuesday. Investors acquired 5,372 call options on the stock. This is an increase of approximately 69% compared to the average daily volume of 3,171 call options.
Communication Services Select Sector SPDR Fund Stock Up 0.0%
Communication Services Select Sector SPDR Fund stock traded up $0.01 during midday trading on Tuesday, hitting $103.86. The company’s stock had a trading volume of 2,325,469 shares, compared to its average volume of 6,399,274. The stock’s 50-day moving average price is $111.42 and its 200-day moving average price is $113.22. Communication Services Select Sector SPDR Fund has a 12 month low of $103.20 and a 12 month high of $120.40. The company has a market capitalization of $22.12 billion, a PE ratio of 19.19 and a beta of 0.97.
Institutional Trading of Communication Services Select Sector SPDR Fund
Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Investment Advisors LLC bought a new stake in Communication Services Select Sector SPDR Fund during the third quarter worth approximately $89,258,000. Stonebridge Financial Group LLC acquired a new stake in shares of Communication Services Select Sector SPDR Fund during the 3rd quarter valued at $28,234,000. First Interstate Bank acquired a new stake in shares of Communication Services Select Sector SPDR Fund during the 3rd quarter valued at $17,436,000. Park Avenue Securities LLC acquired a new position in shares of Communication Services Select Sector SPDR Fund in the 3rd quarter worth $15,388,000. Finally, Horizon Wealth Management LLC lifted its holdings in shares of Communication Services Select Sector SPDR Fund by 2,330.6% during the first quarter. Horizon Wealth Management LLC now owns 138,034 shares of the company’s stock valued at $15,302,000 after purchasing an additional 132,355 shares during the last quarter.
About Communication Services Select Sector SPDR Fund
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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