Stock Traders Purchase High Volume of Put Options on Health Care Select Sector SPDR Fund (NYSEARCA:XLV)

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) was the target of unusually large options trading on Wednesday. Stock investors purchased 33,624 put options on the company. This represents an increase of approximately 59% compared to the average daily volume of 21,177 put options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XLV. Montecito Bank & Trust boosted its position in shares of Health Care Select Sector SPDR Fund by 1.9% during the third quarter. Montecito Bank & Trust now owns 12,086 shares of the exchange traded fund’s stock worth $2,036,000 after acquiring an additional 220 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in Health Care Select Sector SPDR Fund in the 3rd quarter worth $33,886,000. QRG Capital Management Inc. lifted its stake in Health Care Select Sector SPDR Fund by 5.5% in the 2nd quarter. QRG Capital Management Inc. now owns 4,135 shares of the exchange traded fund’s stock worth $656,000 after purchasing an additional 217 shares in the last quarter. Talon Private Wealth LLC boosted its holdings in shares of Health Care Select Sector SPDR Fund by 23.4% during the 2nd quarter. Talon Private Wealth LLC now owns 49,094 shares of the exchange traded fund’s stock valued at $7,789,000 after purchasing an additional 9,320 shares during the last quarter. Finally, Miramontes Capital LLC boosted its holdings in shares of Health Care Select Sector SPDR Fund by 7.0% during the 2nd quarter. Miramontes Capital LLC now owns 13,713 shares of the exchange traded fund’s stock valued at $2,176,000 after purchasing an additional 893 shares during the last quarter.

Health Care Select Sector SPDR Fund Stock Performance

Shares of Health Care Select Sector SPDR Fund stock traded down $0.03 during trading hours on Friday, hitting $166.17. The company’s stock had a trading volume of 1,562,849 shares, compared to its average volume of 11,155,125. The company has a market cap of $42.81 billion, a PE ratio of 21.15 and a beta of 0.56. The business has a 50 day moving average price of $168.64 and a two-hundred day moving average price of $157.09. Health Care Select Sector SPDR Fund has a 12-month low of $141.05 and a 12-month high of $176.60.

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.