Stock Traders Purchase High Volume of Utilities Select Sector SPDR Fund Call Options (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) was the recipient of unusually large options trading on Thursday. Stock investors bought 25,431 call options on the stock. This is an increase of 20% compared to the typical volume of 21,264 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of XLU. Charles Schwab Investment Management Inc. increased its holdings in shares of Utilities Select Sector SPDR Fund by 5.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 100,677 shares of the exchange traded fund’s stock worth $7,938,000 after acquiring an additional 5,619 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new position in shares of Utilities Select Sector SPDR Fund in the first quarter valued at $360,000. Gerber Kawasaki Wealth & Investment Management raised its position in shares of Utilities Select Sector SPDR Fund by 2.2% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 13,758 shares of the exchange traded fund’s stock valued at $1,085,000 after purchasing an additional 302 shares during the period. Calton & Associates Inc. lifted its stake in shares of Utilities Select Sector SPDR Fund by 13.0% during the 1st quarter. Calton & Associates Inc. now owns 6,312 shares of the exchange traded fund’s stock worth $498,000 after buying an additional 724 shares during the last quarter. Finally, Graham Capital Management L.P. boosted its holdings in shares of Utilities Select Sector SPDR Fund by 379.7% during the 1st quarter. Graham Capital Management L.P. now owns 355,000 shares of the exchange traded fund’s stock worth $27,992,000 after buying an additional 281,000 shares during the period. Institutional investors own 90.06% of the company’s stock.

Utilities Select Sector SPDR Fund Stock Up 0.8%

Utilities Select Sector SPDR Fund stock traded up $0.36 during mid-day trading on Thursday, hitting $43.12. 13,385,306 shares of the company were exchanged, compared to its average volume of 22,303,049. The company has a market capitalization of $21.78 billion, a PE ratio of 20.74 and a beta of 0.59. Utilities Select Sector SPDR Fund has a 1-year low of $35.51 and a 1-year high of $46.88. The business has a fifty day moving average of $44.53 and a 200 day moving average of $42.91.

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.