Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report) was the target of unusually large options trading on Monday. Stock traders bought 283,007 call options on the stock. This represents an increase of 24% compared to the average daily volume of 227,517 call options.
Institutional Trading of Financial Select Sector SPDR Fund
Several hedge funds have recently modified their holdings of XLF. Abich Financial Wealth Management LLC acquired a new stake in shares of Financial Select Sector SPDR Fund in the third quarter valued at $29,000. Wexford Capital LP acquired a new stake in shares of Financial Select Sector SPDR Fund in the third quarter valued at $29,000. Aventura Private Wealth LLC acquired a new stake in shares of Financial Select Sector SPDR Fund in the fourth quarter valued at $31,000. Intesa Sanpaolo Wealth Management acquired a new stake in shares of Financial Select Sector SPDR Fund in the fourth quarter valued at $35,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Financial Select Sector SPDR Fund in the third quarter valued at $39,000. 72.51% of the stock is currently owned by institutional investors and hedge funds.
Financial Select Sector SPDR Fund Stock Up 0.4%
XLF opened at $53.56 on Tuesday. Financial Select Sector SPDR Fund has a 52 week low of $47.67 and a 52 week high of $56.51. The business has a fifty day simple moving average of $51.68 and a 200-day simple moving average of $52.36. The firm has a market cap of $52.82 billion, a P/E ratio of 18.25 and a beta of 0.86.
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.
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