Energy Select Sector SPDR Fund Target of Unusually Large Options Trading (NYSEARCA:XLE)

Energy Select Sector SPDR Fund (NYSEARCA:XLE) saw unusually large options trading activity on Thursday. Stock investors bought 206,877 call options on the stock. This is an increase of 42% compared to the average volume of 145,244 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of XLE. Harbour Wealth Management Group Inc. bought a new position in shares of Energy Select Sector SPDR Fund in the 4th quarter worth approximately $4,103,000. Axxcess Wealth Management LLC grew its stake in Energy Select Sector SPDR Fund by 330.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 105,753 shares of the exchange traded fund’s stock worth $4,728,000 after purchasing an additional 81,204 shares during the period. Corient Private Wealth LLC grew its stake in Energy Select Sector SPDR Fund by 204.9% in the fourth quarter. Corient Private Wealth LLC now owns 1,324,221 shares of the exchange traded fund’s stock worth $59,206,000 after purchasing an additional 889,976 shares during the period. Jacobs Equity LLC bought a new position in Energy Select Sector SPDR Fund in the fourth quarter worth $407,000. Finally, Strive Financial Group LLC purchased a new position in Energy Select Sector SPDR Fund during the fourth quarter valued at $234,000.

Energy Select Sector SPDR Fund Price Performance

XLE traded up $0.29 during trading on Thursday, hitting $55.07. 40,551,334 shares of the stock traded hands, compared to its average volume of 53,493,430. The firm has a market capitalization of $35.62 billion, a P/E ratio of 15.59 and a beta of 0.77. The firm has a 50-day moving average of $48.27 and a 200 day moving average of $45.65. Energy Select Sector SPDR Fund has a 12-month low of $37.24 and a 12-month high of $55.88.

Energy Select Sector SPDR Fund Company Profile

Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services. The Fund’s investment advisor is SSgA Funds Management, Inc