Stock Traders Buy High Volume of Call Options on Financial Select Sector SPDR Fund (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) saw some unusual options trading on Friday. Stock traders acquired 235,459 call options on the stock. This is an increase of approximately 57% compared to the typical daily volume of 149,577 call options.

Financial Select Sector SPDR Fund Stock Performance

Shares of NYSEARCA XLF traded up $0.30 during mid-day trading on Friday, reaching $54.84. 45,559,736 shares of the company traded hands, compared to its average volume of 43,091,098. The company’s fifty day moving average is $52.92 and its two-hundred day moving average is $52.70. Financial Select Sector SPDR Fund has a fifty-two week low of $42.21 and a fifty-two week high of $55.31. The stock has a market cap of $55.26 billion, a PE ratio of 18.25 and a beta of 0.99.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Greykasell Wealth Strategies Inc. bought a new position in shares of Financial Select Sector SPDR Fund during the 3rd quarter worth approximately $29,000. Abich Financial Wealth Management LLC acquired a new position in Financial Select Sector SPDR Fund during the third quarter worth $29,000. Wexford Capital LP bought a new position in shares of Financial Select Sector SPDR Fund during the third quarter valued at $29,000. Smartleaf Asset Management LLC lifted its holdings in shares of Financial Select Sector SPDR Fund by 193.0% during the first quarter. Smartleaf Asset Management LLC now owns 674 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 444 shares during the period. Finally, BankPlus Trust Department boosted its stake in shares of Financial Select Sector SPDR Fund by 722.9% in the 2nd quarter. BankPlus Trust Department now owns 683 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 600 shares in the last quarter. 72.51% of the stock is currently owned by institutional investors and hedge funds.

About Financial Select Sector SPDR Fund

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.