Utilities Select Sector SPDR Fund Sees Unusually High Options Volume (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) saw unusually large options trading on Thursday. Stock investors acquired 29,628 put options on the company. This is an increase of approximately 53% compared to the typical daily volume of 19,327 put options.

Utilities Select Sector SPDR Fund Stock Performance

Utilities Select Sector SPDR Fund stock traded down $0.51 during trading on Thursday, reaching $89.41. The company had a trading volume of 4,944,495 shares, compared to its average volume of 11,224,276. Utilities Select Sector SPDR Fund has a 12-month low of $71.02 and a 12-month high of $93.77. The stock’s 50 day moving average price is $88.20 and its two-hundred day moving average price is $84.56. The firm has a market capitalization of $22.58 billion, a price-to-earnings ratio of 20.74 and a beta of 0.59.

Institutional Trading of Utilities Select Sector SPDR Fund

Large investors have recently modified their holdings of the business. Winthrop Capital Management LLC increased its holdings in Utilities Select Sector SPDR Fund by 1.6% during the 3rd quarter. Winthrop Capital Management LLC now owns 33,474 shares of the exchange traded fund’s stock worth $2,919,000 after purchasing an additional 540 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Utilities Select Sector SPDR Fund by 15.8% during the 3rd quarter. Legal & General Group Plc now owns 21,950 shares of the exchange traded fund’s stock valued at $1,911,000 after buying an additional 3,000 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Utilities Select Sector SPDR Fund by 16.7% in the third quarter. Russell Investments Group Ltd. now owns 2,109 shares of the exchange traded fund’s stock worth $184,000 after buying an additional 302 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management increased its stake in shares of Utilities Select Sector SPDR Fund by 16.0% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 17,872 shares of the exchange traded fund’s stock worth $1,559,000 after buying an additional 2,467 shares during the last quarter. Finally, Yakira Capital Management Inc. acquired a new stake in Utilities Select Sector SPDR Fund in the third quarter valued at $1,048,000. 90.06% of the stock is currently owned by institutional investors and hedge funds.

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.