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

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) saw unusually large options trading activity on Tuesday. Traders bought 103,278 call options on the company. This represents an increase of 65% compared to the typical volume of 62,750 call options.

Utilities Select Sector SPDR Fund Trading Up 0.6%

Shares of Utilities Select Sector SPDR Fund stock traded up $0.24 during trading hours on Tuesday, reaching $41.87. 27,123,755 shares of the company’s stock were exchanged, compared to its average volume of 24,213,590. The stock has a market cap of $24.25 billion, a P/E ratio of 20.74 and a beta of 0.56. The company has a 50 day moving average of $42.15 and a two-hundred day moving average of $44.19. Utilities Select Sector SPDR Fund has a fifty-two week low of $39.03 and a fifty-two week high of $47.80.

Institutional Trading of Utilities Select Sector SPDR Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in shares of Utilities Select Sector SPDR Fund by 3.9% during the 1st quarter. Bank of America Corp DE now owns 28,041,814 shares of the exchange traded fund’s stock worth $1,286,839,000 after purchasing an additional 1,055,742 shares during the last quarter. Meitav Investment House Ltd. boosted its holdings in shares of Utilities Select Sector SPDR Fund by 33.8% in the 1st quarter. Meitav Investment House Ltd. now owns 3,452,577 shares of the exchange traded fund’s stock valued at $158,439,000 after buying an additional 871,665 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Utilities Select Sector SPDR Fund by 13.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,431,828 shares of the exchange traded fund’s stock valued at $157,487,000 after buying an additional 408,986 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Utilities Select Sector SPDR Fund by 5.1% in the 1st quarter. Cetera Investment Advisers now owns 2,949,282 shares of the exchange traded fund’s stock valued at $135,343,000 after buying an additional 144,224 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Utilities Select Sector SPDR Fund by 2.3% in the first quarter. Bessemer Group Inc. now owns 1,970,391 shares of the exchange traded fund’s stock valued at $90,422,000 after buying an additional 44,633 shares in the last quarter. Institutional investors own 90.06% of the company’s stock.

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. The Fund utilizes a passive or indexing investment approach to attempt to approximate the investment performance of the Index.