Stock Traders Purchase Large Volume of Call Options on Utilities Select Sector SPDR Fund (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) saw some unusual options trading on Tuesday. Investors acquired 48,358 call options on the stock. This represents an increase of 48% compared to the typical volume of 32,665 call options.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Nvest Financial LLC increased its stake in Utilities Select Sector SPDR Fund by 0.8% in the 3rd quarter. Nvest Financial LLC now owns 16,627 shares of the exchange traded fund’s stock worth $1,343,000 after acquiring an additional 130 shares during the last quarter. Sage Capital Advisors llc increased its position in shares of Utilities Select Sector SPDR Fund by 0.5% in the third quarter. Sage Capital Advisors llc now owns 29,541 shares of the exchange traded fund’s stock valued at $2,386,000 after acquiring an additional 133 shares during the period. Carson Advisory Inc. raised its position in Utilities Select Sector SPDR Fund by 1.7% during the 2nd quarter. Carson Advisory Inc. now owns 8,435 shares of the exchange traded fund’s stock valued at $575,000 after purchasing an additional 137 shares during the last quarter. Paragon Financial Partners Inc. lifted its stake in Utilities Select Sector SPDR Fund by 0.3% in the second quarter. Paragon Financial Partners Inc. now owns 48,018 shares of the exchange traded fund’s stock worth $3,272,000 after acquiring an additional 139 shares during the period. Finally, Successful Portfolios LLC increased its position in shares of Utilities Select Sector SPDR Fund by 3.5% during the third quarter. Successful Portfolios LLC now owns 4,156 shares of the exchange traded fund’s stock valued at $336,000 after buying an additional 140 shares during the period.

Utilities Select Sector SPDR Fund Stock Performance

NYSEARCA:XLU opened at $82.90 on Thursday. The business’s fifty day moving average is $80.13 and its 200 day moving average is $75.08. The firm has a market cap of $14.90 billion, a price-to-earnings ratio of 23.76 and a beta of 0.49. Utilities Select Sector SPDR Fund has a 52-week low of $59.14 and a 52-week high of $83.41.

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.