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

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) was the target of unusually large options trading on Tuesday. Stock traders bought 43,018 call options on the company. This represents an increase of 46% compared to the typical volume of 29,520 call options.

Utilities Select Sector SPDR Fund Stock Performance

Utilities Select Sector SPDR Fund stock traded up $0.74 during midday trading on Tuesday, reaching $44.22. The stock had a trading volume of 31,532,731 shares, compared to its average volume of 26,104,232. The stock’s 50-day simple moving average is $42.98 and its 200 day simple moving average is $43.46. Utilities Select Sector SPDR Fund has a twelve month low of $35.51 and a twelve month high of $46.88. The stock has a market capitalization of $22.69 billion, a PE ratio of 20.74 and a beta of 0.59.

Institutional Trading of Utilities Select Sector SPDR Fund

Institutional investors have recently modified their holdings of the company. Spinnaker Trust boosted its position in shares of Utilities Select Sector SPDR Fund by 100.0% in the fourth quarter. Spinnaker Trust now owns 10,310 shares of the exchange traded fund’s stock worth $440,000 after buying an additional 5,155 shares during the period. Root Financial Partners LLC raised its holdings in shares of Utilities Select Sector SPDR Fund by 146.3% during the 4th quarter. Root Financial Partners LLC now owns 840 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 499 shares during the period. One Capital Management LLC lifted its position in Utilities Select Sector SPDR Fund by 93.4% during the 4th quarter. One Capital Management LLC now owns 16,278 shares of the exchange traded fund’s stock worth $695,000 after acquiring an additional 7,862 shares in the last quarter. BW Gestao de Investimentos Ltda. purchased a new position in Utilities Select Sector SPDR Fund in the 4th quarter worth approximately $49,094,000. Finally, COFG Advisors LLC purchased a new position in Utilities Select Sector SPDR Fund in the 4th quarter worth approximately $268,000. Hedge funds and other institutional investors own 90.06% of the company’s stock.

About Utilities Select Sector SPDR Fund

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.