Investors Buy Large Volume of Utilities Select Sector SPDR Fund Call Options (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) saw unusually large options trading on Tuesday. Traders acquired 48,358 call options on the stock. This represents an increase of approximately 48% compared to the average volume of 32,665 call options.

Utilities Select Sector SPDR Fund Stock Performance

Shares of XLU stock opened at $82.90 on Thursday. The company has a market capitalization of $14.90 billion, a price-to-earnings ratio of 23.76 and a beta of 0.49. Utilities Select Sector SPDR Fund has a one year low of $59.14 and a one year high of $83.41. The company’s 50-day moving average is $80.13 and its 200 day moving average is $75.08.

Hedge Funds Weigh In On Utilities Select Sector SPDR Fund

A number of hedge funds have recently added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new position in shares of Utilities Select Sector SPDR Fund during the 2nd quarter valued at $27,000. Oak Harbor Wealth Partners LLC boosted its position in Utilities Select Sector SPDR Fund by 2,252.9% in the second quarter. Oak Harbor Wealth Partners LLC now owns 400 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 383 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Utilities Select Sector SPDR Fund during the 3rd quarter valued at about $27,000. Iron Horse Wealth Management LLC grew its stake in shares of Utilities Select Sector SPDR Fund by 888.9% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 445 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 400 shares during the period. Finally, MGB Wealth Management LLC increased its position in shares of Utilities Select Sector SPDR Fund by 300.0% during the 3rd quarter. MGB Wealth Management LLC now owns 400 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 300 shares during the last quarter.

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.