Investors Buy High Volume of Call Options on Health Care Select Sector SPDR Fund (NYSEARCA:XLV)

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) was the target of some unusual options trading on Friday. Investors acquired 57,421 call options on the company. This represents an increase of approximately 339% compared to the typical volume of 13,088 call options.

Health Care Select Sector SPDR Fund Stock Up 1.5%

Shares of NYSEARCA XLV traded up $2.23 during midday trading on Friday, hitting $154.31. The stock had a trading volume of 11,560,388 shares, compared to its average volume of 12,572,141. The company has a market capitalization of $40.44 billion, a price-to-earnings ratio of 21.15 and a beta of 0.58. Health Care Select Sector SPDR Fund has a 1-year low of $127.96 and a 1-year high of $160.59. The company has a fifty day moving average price of $146.77 and a 200 day moving average price of $152.05.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jackson Grant Investment Advisers Inc. increased its holdings in shares of Health Care Select Sector SPDR Fund by 0.3% in the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 23,930 shares of the exchange traded fund’s stock valued at $3,330,000 after acquiring an additional 70 shares during the last quarter. Advyzon Investment Management LLC increased its holdings in shares of Health Care Select Sector SPDR Fund by 11.6% in the 3rd quarter. Advyzon Investment Management LLC now owns 14,605 shares of the exchange traded fund’s stock valued at $2,033,000 after acquiring an additional 1,517 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of Health Care Select Sector SPDR Fund by 120.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 9,274 shares of the exchange traded fund’s stock valued at $1,291,000 after acquiring an additional 5,059 shares during the last quarter. L & S Advisors Inc bought a new stake in shares of Health Care Select Sector SPDR Fund in the 3rd quarter valued at approximately $333,000. Finally, Readystate Asset Management LP increased its holdings in shares of Health Care Select Sector SPDR Fund by 3.2% in the 3rd quarter. Readystate Asset Management LP now owns 2,959 shares of the exchange traded fund’s stock valued at $412,000 after acquiring an additional 92 shares during the last quarter.

Health Care Select Sector SPDR Fund Company Profile

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.