Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report) was the target of unusually large options trading activity on Friday. Investors acquired 441,925 put options on the stock. This represents an increase of 152% compared to the typical daily volume of 175,379 put options.
Financial Select Sector SPDR Fund Stock Performance
Financial Select Sector SPDR Fund stock traded up $0.38 during trading on Friday, reaching $57.25. The company had a trading volume of 20,437,908 shares, compared to its average volume of 41,520,883. The firm has a market capitalization of $57.86 billion, a price-to-earnings ratio of 18.25 and a beta of 0.85. The stock’s 50 day moving average price is $57.13 and its two-hundred day moving average price is $53.45. Financial Select Sector SPDR Fund has a 12-month low of $47.67 and a 12-month high of $58.60.
Institutional Investors Weigh In On Financial Select Sector SPDR Fund
Several institutional investors have recently bought and sold shares of XLF. Montgomery Financial Services LLC acquired a new stake in shares of Financial Select Sector SPDR Fund in the second quarter valued at about $26,000. Wexford Capital LP bought a new stake in Financial Select Sector SPDR Fund in the third quarter valued at about $29,000. Strengthening Families & Communities LLC raised its position in shares of Financial Select Sector SPDR Fund by 96.6% during the 2nd quarter. Strengthening Families & Communities LLC now owns 576 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 283 shares in the last quarter. Intesa Sanpaolo Wealth Management acquired a new stake in shares of Financial Select Sector SPDR Fund during the fourth quarter worth $35,000. Finally, Outlook Capital Management LLC acquired a new stake in Financial Select Sector SPDR Fund during the second quarter worth about $36,000. 72.51% of the stock is currently owned by hedge funds and other institutional investors.
Financial Select Sector SPDR Fund Company Profile
The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.
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