Stock Traders Purchase Large 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 Wednesday. Stock investors bought 33,414 call options on the company. This is an increase of 90% compared to the typical volume of 17,581 call options.

Health Care Select Sector SPDR Fund Stock Performance

Shares of XLV opened at $136.28 on Friday. The firm has a market capitalization of $36.88 billion, a P/E ratio of 23.82 and a beta of 0.55. Health Care Select Sector SPDR Fund has a 52 week low of $132.72 and a 52 week high of $159.64. The stock has a 50 day moving average price of $146.51 and a two-hundred day moving average price of $149.07.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Several hedge funds have recently modified their holdings of XLV. Rakuten Securities Inc. grew its position in Health Care Select Sector SPDR Fund by 8,150.0% during the third quarter. Rakuten Securities Inc. now owns 165 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 163 shares during the period. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Health Care Select Sector SPDR Fund during the 3rd quarter valued at approximately $32,000. Legacy Investment Solutions LLC purchased a new stake in shares of Health Care Select Sector SPDR Fund during the 3rd quarter worth approximately $32,000. Hara Capital LLC bought a new stake in shares of Health Care Select Sector SPDR Fund in the 3rd quarter worth approximately $39,000. Finally, Richardson Financial Services Inc. lifted its stake in Health Care Select Sector SPDR Fund by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 284 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 142 shares during the last quarter.

About Health Care Select Sector SPDR Fund

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).