Financial Select Sector SPDR Fund (NYSEARCA:XLF – Get Free Report) was the recipient of unusually large options trading on Friday. Traders bought 441,925 put options on the stock. This is an increase of 152% compared to the average volume of 175,379 put options.
Hedge Funds Weigh In On Financial Select Sector SPDR Fund
Several institutional investors have recently made changes to their positions in XLF. Montgomery Financial Services LLC acquired a new position in shares of Financial Select Sector SPDR Fund in the second quarter worth about $26,000. Wexford Capital LP acquired a new stake in shares of Financial Select Sector SPDR Fund during the 3rd quarter valued at about $29,000. Strengthening Families & Communities LLC grew 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 during the period. Intesa Sanpaolo Wealth Management purchased a new position in shares of Financial Select Sector SPDR Fund in the 4th quarter valued at about $35,000. Finally, Outlook Capital Management LLC purchased a new position in shares of Financial Select Sector SPDR Fund in the 2nd quarter valued at about $36,000. 72.51% of the stock is owned by hedge funds and other institutional investors.
Financial Select Sector SPDR Fund Trading Up 0.7%
Shares of XLF stock opened at $57.25 on Friday. Financial Select Sector SPDR Fund has a twelve month low of $47.67 and a twelve month high of $58.60. The stock has a market cap of $57.87 billion, a P/E ratio of 18.25 and a beta of 0.85. The stock has a 50 day moving average of $57.16 and a 200 day moving average of $53.48.
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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