Investors 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. Stock traders purchased 400,491 call options on the company. This represents an increase of 75% compared to the typical daily volume of 228,957 call options.

Institutional Trading of Financial Select Sector SPDR Fund

Several large investors have recently bought and sold shares of the stock. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Financial Select Sector SPDR Fund during the third quarter worth about $26,000. Rakuten Securities Inc. lifted its stake in Financial Select Sector SPDR Fund by 212.4% during the 3rd quarter. Rakuten Securities Inc. now owns 603 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 410 shares during the period. Transcendent Capital Group LLC boosted its holdings in shares of Financial Select Sector SPDR Fund by 4,000.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 615 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 600 shares during the last quarter. Rational Advisors LLC acquired a new stake in shares of Financial Select Sector SPDR Fund in the third quarter worth $34,000. Finally, Highline Wealth Partners LLC purchased a new position in shares of Financial Select Sector SPDR Fund during the third quarter worth $36,000.

Financial Select Sector SPDR Fund Stock Up 1.5 %

Shares of XLF opened at $48.51 on Friday. The company has a 50 day moving average of $48.90 and a two-hundred day moving average of $45.25. Financial Select Sector SPDR Fund has a twelve month low of $36.92 and a twelve month high of $51.62. The company has a market cap of $45.22 billion, a price-to-earnings ratio of 18.32 and a beta of 0.83.

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.