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

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) was the recipient of unusually large options trading on Friday. Traders acquired 168,000 call options on the stock. This is an increase of approximately 330% compared to the average volume of 39,054 call options.

Utilities Select Sector SPDR Fund Stock Down 0.1%

Shares of NYSEARCA XLU traded down $0.04 during trading hours on Friday, hitting $39.31. The company had a trading volume of 14,219,928 shares, compared to its average volume of 23,068,494. The stock has a market capitalization of $20.57 billion, a P/E ratio of 20.74 and a beta of 0.57. Utilities Select Sector SPDR Fund has a 1-year low of $39.13 and a 1-year high of $47.80. The firm’s 50 day moving average is $43.34 and its 200-day moving average is $44.70.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

Hedge funds have recently bought and sold shares of the company. Atomic Invest LLC raised its stake in Utilities Select Sector SPDR Fund by 10,965.0% in the second quarter. Atomic Invest LLC now owns 133,223 shares of the exchange traded fund’s stock valued at $6,130,000 after buying an additional 132,019 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Utilities Select Sector SPDR Fund by 26.5% during the 2nd quarter. QRG Capital Management Inc. now owns 5,843 shares of the exchange traded fund’s stock worth $265,000 after acquiring an additional 1,223 shares during the period. Security National Bank of Sioux City Iowa IA bought a new position in shares of Utilities Select Sector SPDR Fund during the 2nd quarter worth approximately $36,000. Miramontes Capital LLC increased its holdings in shares of Utilities Select Sector SPDR Fund by 4.7% during the 2nd quarter. Miramontes Capital LLC now owns 152,159 shares of the exchange traded fund’s stock worth $6,899,000 after acquiring an additional 6,896 shares during the last quarter. Finally, Core Capital Management & Research inc. acquired a new position in shares of Utilities Select Sector SPDR Fund during the 2nd quarter worth approximately $51,000. 90.06% of the stock is currently owned by institutional investors and hedge funds.

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.