Energy Select Sector SPDR Fund Sees Unusually Large Options Volume (NYSEARCA:XLE)

Energy Select Sector SPDR Fund (NYSEARCA:XLE) saw some unusual options trading on Thursday. Traders purchased 136,925 put options on the company. This is an increase of approximately 32% compared to the average volume of 103,598 put options.

Institutional Investors Weigh In On Energy Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC increased its position in Energy Select Sector SPDR Fund by 51.5% during the fourth quarter. Brighton Jones LLC now owns 9,363 shares of the exchange traded fund’s stock worth $802,000 after buying an additional 3,181 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Energy Select Sector SPDR Fund by 8.6% during the 1st quarter. AQR Capital Management LLC now owns 31,187 shares of the exchange traded fund’s stock worth $2,914,000 after purchasing an additional 2,480 shares in the last quarter. Silver Oak Securities Incorporated bought a new position in shares of Energy Select Sector SPDR Fund in the second quarter valued at approximately $129,000. AdvisorNet Financial Inc boosted its holdings in shares of Energy Select Sector SPDR Fund by 2.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 8,605 shares of the exchange traded fund’s stock worth $730,000 after acquiring an additional 226 shares in the last quarter. Finally, CHICAGO TRUST Co NA grew its position in Energy Select Sector SPDR Fund by 12.5% during the 2nd quarter. CHICAGO TRUST Co NA now owns 7,058 shares of the exchange traded fund’s stock worth $599,000 after acquiring an additional 786 shares during the last quarter.

Energy Select Sector SPDR Fund Trading Up 0.4%

Shares of XLE stock traded up $0.19 on Thursday, reaching $48.94. 35,484,337 shares of the stock were exchanged, compared to its average volume of 50,833,785. The company has a market capitalization of $30.10 billion, a price-to-earnings ratio of 15.59 and a beta of 0.77. The business’s 50 day moving average price is $45.54 and its 200 day moving average price is $44.46. Energy Select Sector SPDR Fund has a twelve month low of $37.24 and a twelve month high of $49.05.

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. The Fund’s investment advisor is SSgA Funds Management, Inc