Financial Select Sector SPDR Fund Target of Unusually Large Options Trading (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the recipient of unusually large options trading on Thursday. Stock traders acquired 315,330 call options on the stock. This represents an increase of 50% compared to the typical volume of 210,890 call options.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in XLF. Arlington Capital Management Inc. boosted its holdings in Financial Select Sector SPDR Fund by 4.1% in the third quarter. Arlington Capital Management Inc. now owns 5,599 shares of the exchange traded fund’s stock valued at $254,000 after acquiring an additional 222 shares during the last quarter. One Wealth Management Investment & Advisory Services LLC lifted its position in shares of Financial Select Sector SPDR Fund by 2.7% in the 3rd quarter. One Wealth Management Investment & Advisory Services LLC now owns 8,419 shares of the exchange traded fund’s stock worth $382,000 after purchasing an additional 224 shares during the period. Providence Capital Advisors LLC boosted its stake in shares of Financial Select Sector SPDR Fund by 10.5% in the 3rd quarter. Providence Capital Advisors LLC now owns 2,377 shares of the exchange traded fund’s stock valued at $108,000 after purchasing an additional 226 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of Financial Select Sector SPDR Fund by 7.1% during the second quarter. Sunbelt Securities Inc. now owns 3,541 shares of the exchange traded fund’s stock worth $146,000 after buying an additional 234 shares during the period. Finally, Planning Capital Management Corp raised its stake in Financial Select Sector SPDR Fund by 14.4% during the third quarter. Planning Capital Management Corp now owns 1,887 shares of the exchange traded fund’s stock worth $86,000 after buying an additional 238 shares during the last quarter.

Financial Select Sector SPDR Fund Trading Up 1.4 %

Shares of Financial Select Sector SPDR Fund stock opened at $50.26 on Friday. The firm has a market capitalization of $46.85 billion, a PE ratio of 18.32 and a beta of 0.83. The firm’s 50 day moving average is $46.92 and its 200 day moving average is $44.03. Financial Select Sector SPDR Fund has a 1 year low of $35.15 and a 1 year high of $50.40.

About Financial Select Sector SPDR Fund

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.