Investors Buy Large Volume of Call Options on Financial Select Sector SPDR Fund (XLF)

Financial Select Sector SPDR Fund (NYSE:XLF) saw unusually large options trading activity on Thursday. Stock traders purchased 348,616 call options on the stock. This is an increase of 199% compared to the average daily volume of 116,468 call options.

Shares of Financial Select Sector SPDR Fund (NYSE XLF) opened at 26.30 on Tuesday. The company has a 50 day moving average price of $25.31 and a 200 day moving average price of $24.47. Financial Select Sector SPDR Fund has a 12-month low of $19.28 and a 12-month high of $26.46.

The business also recently announced a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 18th were issued a dividend of $0.1032 per share. The ex-dividend date was Friday, September 15th. This is a positive change from Financial Select Sector SPDR Fund’s previous quarterly dividend of $0.09. This represents a $0.41 annualized dividend and a dividend yield of 1.57%.

A number of hedge funds have recently modified their holdings of XLF. Wetherby Asset Management Inc. bought a new position in Financial Select Sector SPDR Fund during the 2nd quarter valued at $200,000. Calamos Wealth Management LLC bought a new position in Financial Select Sector SPDR Fund during the 2nd quarter valued at $204,000. Sage Advisory Services Ltd.Co. bought a new position in Financial Select Sector SPDR Fund during the 2nd quarter valued at $212,000. Bronfman E.L. Rothschild L.P. boosted its stake in Financial Select Sector SPDR Fund by 120.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 8,776 shares of the exchange traded fund’s stock valued at $217,000 after purchasing an additional 4,800 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in Financial Select Sector SPDR Fund by 146,283.3% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 8,783 shares of the exchange traded fund’s stock valued at $220,000 after purchasing an additional 8,777 shares in the last quarter.

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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.

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