Financial Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the recipient of unusually large options trading on Monday. Traders purchased 301,569 put options on the stock. This is an increase of approximately 36% compared to the average volume of 222,034 put options.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Financial Select Sector SPDR Fund by 16.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 133,084,547 shares of the exchange traded fund’s stock worth $7,169,265,000 after acquiring an additional 18,724,516 shares during the period. Bank of America Corp DE grew its holdings in Financial Select Sector SPDR Fund by 22.9% during the fourth quarter. Bank of America Corp DE now owns 80,614,166 shares of the exchange traded fund’s stock worth $4,415,238,000 after acquiring an additional 15,014,591 shares during the period. Focus Partners Wealth grew its holdings in Financial Select Sector SPDR Fund by 1,130.6% during the third quarter. Focus Partners Wealth now owns 10,987,886 shares of the exchange traded fund’s stock worth $591,917,000 after acquiring an additional 10,095,014 shares during the period. PGIM Custom Harvest LLC acquired a new position in Financial Select Sector SPDR Fund during the third quarter worth $542,917,000. Finally, Two Sigma Investments LP grew its holdings in Financial Select Sector SPDR Fund by 478.6% during the third quarter. Two Sigma Investments LP now owns 10,814,100 shares of the exchange traded fund’s stock worth $582,556,000 after acquiring an additional 8,945,030 shares during the period. Hedge funds and other institutional investors own 72.51% of the company’s stock.

Financial Select Sector SPDR Fund Stock Performance

XLF stock traded down $0.34 during mid-day trading on Monday, reaching $51.58. The company had a trading volume of 44,400,672 shares, compared to its average volume of 50,467,762. Financial Select Sector SPDR Fund has a fifty-two week low of $47.67 and a fifty-two week high of $56.51. The company has a market capitalization of $50.87 billion, a price-to-earnings ratio of 18.25 and a beta of 0.88. The firm has a fifty day simple moving average of $50.63 and a 200 day simple moving average of $52.50.

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.