Traders Purchase High Volume of Call Options on Financial Select Sector SPDR Fund (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the recipient of some unusual options trading activity on Thursday. Traders acquired 315,330 call options on the stock. This is an increase of 50% compared to the average daily volume of 210,890 call options.

Financial Select Sector SPDR Fund Stock Performance

XLF stock opened at $50.26 on Friday. The stock’s 50 day simple moving average is $46.92 and its 200 day simple moving average is $44.03. The company has a market cap of $46.85 billion, a P/E ratio of 18.32 and a beta of 0.83. Financial Select Sector SPDR Fund has a fifty-two week low of $35.15 and a fifty-two week high of $50.40.

Hedge Funds Weigh In On Financial Select Sector SPDR Fund

A number of institutional investors have recently modified their holdings of the company. LPL Financial LLC raised its stake in shares of Financial Select Sector SPDR Fund by 4.0% in the second quarter. LPL Financial LLC now owns 13,783,914 shares of the exchange traded fund’s stock worth $566,657,000 after purchasing an additional 525,305 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Financial Select Sector SPDR Fund by 266.7% during the second quarter. Canada Pension Plan Investment Board now owns 11,000,000 shares of the exchange traded fund’s stock worth $452,210,000 after buying an additional 8,000,000 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Financial Select Sector SPDR Fund by 31.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 10,798,325 shares of the exchange traded fund’s stock valued at $443,919,000 after buying an additional 2,566,731 shares during the last quarter. Raymond James & Associates lifted its stake in Financial Select Sector SPDR Fund by 29.7% during the 3rd quarter. Raymond James & Associates now owns 10,603,914 shares of the exchange traded fund’s stock valued at $480,569,000 after acquiring an additional 2,430,124 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Financial Select Sector SPDR Fund by 6.6% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,328,231 shares of the exchange traded fund’s stock worth $468,075,000 after acquiring an additional 640,070 shares during the last quarter.

About Financial Select Sector SPDR Fund

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.