Health Care Select Sector SPDR Fund Sees Unusually High Options Volume (NYSEARCA:XLV)

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) saw some unusual options trading on Friday. Investors purchased 38,384 put options on the company. This is an increase of 75% compared to the typical volume of 21,944 put options.

Health Care Select Sector SPDR Fund Stock Down 0.2%

Shares of NYSEARCA:XLV traded down $0.36 during trading on Friday, hitting $155.44. 1,952,520 shares of the stock traded hands, compared to its average volume of 11,797,636. The company has a market cap of $39.34 billion, a price-to-earnings ratio of 21.15 and a beta of 0.63. The company has a fifty day moving average price of $151.14 and a two-hundred day moving average price of $141.39. Health Care Select Sector SPDR Fund has a 52-week low of $127.35 and a 52-week high of $158.95.

Institutional Investors Weigh In On Health Care Select Sector SPDR Fund

Hedge funds have recently modified their holdings of the company. Brighton Jones LLC boosted its position in Health Care Select Sector SPDR Fund by 25.8% during the fourth quarter. Brighton Jones LLC now owns 9,662 shares of the exchange traded fund’s stock worth $1,329,000 after purchasing an additional 1,980 shares in the last quarter. Bison Wealth LLC raised its stake in shares of Health Care Select Sector SPDR Fund by 35.3% during the 4th quarter. Bison Wealth LLC now owns 2,257 shares of the exchange traded fund’s stock worth $311,000 after buying an additional 589 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Health Care Select Sector SPDR Fund by 52.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,305 shares of the exchange traded fund’s stock valued at $191,000 after buying an additional 450 shares in the last quarter. American Century Companies Inc. acquired a new stake in Health Care Select Sector SPDR Fund in the 1st quarter valued at $496,000. Finally, Wellington Management Group LLP increased its holdings in Health Care Select Sector SPDR Fund by 21.6% in the 1st quarter. Wellington Management Group LLP now owns 11,114 shares of the exchange traded fund’s stock worth $1,623,000 after acquiring an additional 1,977 shares in the last quarter.

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.