Stock Traders Purchase Large Volume of Put Options on SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP)

SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) saw some unusual options trading activity on Monday. Stock traders bought 80,224 put options on the stock. This is an increase of approximately 208% compared to the typical daily volume of 26,077 put options.

Institutional Investors Weigh In On SPDR S&P Oil & Gas Exploration & Production ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Anchor Investment Management LLC bought a new stake in SPDR S&P Oil & Gas Exploration & Production ETF during the 3rd quarter valued at $33,000. Providence First Trust Co purchased a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the fourth quarter valued at about $48,000. Brown Brothers Harriman & Co. bought a new position in shares of SPDR S&P Oil & Gas Exploration & Production ETF during the fourth quarter valued at about $141,000. Lowe Wealth Advisors LLC boosted its holdings in shares of SPDR S&P Oil & Gas Exploration & Production ETF by 12.4% during the first quarter. Lowe Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $165,000 after purchasing an additional 139 shares during the period. Finally, Summit Financial LLC bought a new stake in shares of SPDR S&P Oil & Gas Exploration & Production ETF in the fourth quarter worth about $205,000.

SPDR S&P Oil & Gas Exploration & Production ETF Stock Down 4.1 %

Shares of NYSEARCA:XOP opened at $101.91 on Wednesday. The stock has a market cap of $1.79 billion, a PE ratio of 12.11 and a beta of 1.34. The company’s fifty day moving average is $129.28 and its 200 day moving average is $134.42. SPDR S&P Oil & Gas Exploration & Production ETF has a 52 week low of $100.31 and a 52 week high of $162.49.

SPDR S&P Oil & Gas Exploration & Production ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were paid a dividend of $0.7607 per share. The ex-dividend date was Monday, March 24th.

SPDR S&P Oil & Gas Exploration & Production ETF Company Profile

SPDR S&P Oil & Gas Exploration & Production ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The S&P Oil & Gas Exploration & Production Select Industry Index represents the oil and gas exploration and production sub-industry portion of the S&P Total Markets Index.