Traders Purchase Large Volume of Energy Select Sector SPDR ETF Put Options (NYSEARCA:XLE)

Energy Select Sector SPDR ETF (NYSEARCA:XLE) was the target of unusually large options trading activity on Wednesday. Stock investors acquired 257,501 put options on the stock. This represents an increase of approximately 16% compared to the average daily volume of 221,487 put options.

Energy Select Sector SPDR ETF Price Performance

Energy Select Sector SPDR ETF stock traded down $2.84 during midday trading on Wednesday, hitting $57.32. The company’s stock had a trading volume of 49,950,871 shares, compared to its average volume of 58,786,926. Energy Select Sector SPDR ETF has a 1-year low of $37.24 and a 1-year high of $63.46. The company has a 50-day moving average price of $56.35 and a two-hundred day moving average price of $49.09. The company has a market cap of $40.95 billion, a price-to-earnings ratio of 15.59 and a beta of 0.64.

Hedge Funds Weigh In On Energy Select Sector SPDR ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Advisory Group Advisory Services LLC boosted its stake in shares of Energy Select Sector SPDR ETF by 102.6% in the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 37,072 shares of the exchange traded fund’s stock valued at $1,657,000 after purchasing an additional 18,775 shares during the last quarter. Nvwm LLC boosted its stake in shares of Energy Select Sector SPDR ETF by 110.6% in the 4th quarter. Nvwm LLC now owns 19,947 shares of the exchange traded fund’s stock valued at $892,000 after purchasing an additional 10,474 shares during the last quarter. Financial & Tax Architects LLC boosted its stake in shares of Energy Select Sector SPDR ETF by 102.9% in the 4th quarter. Financial & Tax Architects LLC now owns 26,985 shares of the exchange traded fund’s stock valued at $1,207,000 after purchasing an additional 13,684 shares during the last quarter. Beaumont Asset Management L.L.C. boosted its stake in shares of Energy Select Sector SPDR ETF by 95.3% in the 4th quarter. Beaumont Asset Management L.L.C. now owns 52,046 shares of the exchange traded fund’s stock valued at $2,327,000 after purchasing an additional 25,401 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC boosted its stake in shares of Energy Select Sector SPDR ETF by 81.2% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 27,810 shares of the exchange traded fund’s stock valued at $1,243,000 after purchasing an additional 12,459 shares during the last quarter.

About Energy Select Sector SPDR ETF

The Energy Select Sector SPDR ETF is a State Street exchange-traded fund that seeks to track the price and yield performance of the Energy Select Sector Index, before expenses. The index is designed to provide broad representation of the energy sector within the S&P 500, covering companies in the oil, gas and consumable fuels, and energy equipment and services industries. Component companies are selected from the S&P 500 universe based on general industry classification, and the Energy Select Sector Index is one of eleven Select Sector Indexes that together comprise all S&P 500 constituents.