Utilities Select Sector SPDR Fund Sees Unusually High Options Volume (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) saw unusually large options trading activity on Friday. Investors acquired 49,949 put options on the company. This is an increase of 37% compared to the average daily volume of 36,588 put options.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

Several institutional investors have recently modified their holdings of the business. City State Bank grew its holdings in Utilities Select Sector SPDR Fund by 113.2% during the first quarter. City State Bank now owns 405 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 215 shares during the period. Sound Income Strategies LLC grew its holdings in Utilities Select Sector SPDR Fund by 177.5% during the fourth quarter. Sound Income Strategies LLC now owns 419 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 268 shares during the period. Ables Iannone Moore & Associates Inc. acquired a new position in Utilities Select Sector SPDR Fund during the fourth quarter valued at approximately $30,000. Register Financial Advisors LLC grew its holdings in Utilities Select Sector SPDR Fund by 1,104.9% during the fourth quarter. Register Financial Advisors LLC now owns 494 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 453 shares during the period. Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in Utilities Select Sector SPDR Fund during the first quarter valued at approximately $34,000.

Utilities Select Sector SPDR Fund Price Performance

Shares of NYSEARCA:XLU opened at $71.50 on Friday. Utilities Select Sector SPDR Fund has a one year low of $54.77 and a one year high of $72.90. The company has a 50 day moving average of $67.09 and a 200-day moving average of $64.04. The stock has a market cap of $12.85 billion, a price-to-earnings ratio of 23.76 and a beta of 0.49.

Utilities Select Sector SPDR Fund Company Profile

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.