Investors Purchase Large Volume of Utilities Select Sector SPDR Fund Put Options (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) saw unusually large options trading activity on Friday. Traders purchased 72,824 put options on the company. This is an increase of 84% compared to the average daily volume of 39,523 put options.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

Hedge funds have recently made changes to their positions in the business. CMG Global Holdings LLC raised its position in shares of Utilities Select Sector SPDR Fund by 1.2% in the 3rd quarter. CMG Global Holdings LLC now owns 9,675 shares of the exchange traded fund’s stock worth $899,000 after acquiring an additional 111 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in Utilities Select Sector SPDR Fund by 1.1% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,521 shares of the exchange traded fund’s stock valued at $918,000 after buying an additional 114 shares during the last quarter. Paragon Financial Partners Inc. increased its position in shares of Utilities Select Sector SPDR Fund by 0.3% during the 3rd quarter. Paragon Financial Partners Inc. now owns 45,029 shares of the exchange traded fund’s stock valued at $3,927,000 after purchasing an additional 114 shares during the last quarter. Dunhill Financial LLC raised its holdings in Utilities Select Sector SPDR Fund by 8.8% in the 3rd quarter. Dunhill Financial LLC now owns 1,424 shares of the exchange traded fund’s stock worth $124,000 after purchasing an additional 115 shares during the period. Finally, Boltwood Capital Management boosted its position in shares of Utilities Select Sector SPDR Fund by 1.1% in the third quarter. Boltwood Capital Management now owns 10,531 shares of the exchange traded fund’s stock worth $918,000 after purchasing an additional 118 shares during the period. 90.06% of the stock is currently owned by institutional investors.

Utilities Select Sector SPDR Fund Stock Performance

XLU traded up $0.39 during trading on Friday, reaching $47.57. The stock had a trading volume of 24,759,719 shares, compared to its average volume of 27,444,660. The business has a 50-day moving average of $43.75 and a 200-day moving average of $43.75. Utilities Select Sector SPDR Fund has a one year low of $35.51 and a one year high of $47.77. The stock has a market cap of $24.40 billion, a PE ratio of 20.74 and a beta of 0.59.

About Utilities Select Sector SPDR Fund

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. The Fund utilizes a passive or indexing investment approach to attempt to approximate the investment performance of the Index.