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

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) was the recipient of some unusual options trading on Tuesday. Stock investors acquired 48,358 call options on the stock. This represents an increase of 48% compared to the average daily volume of 32,665 call options.

Utilities Select Sector SPDR Fund Price Performance

Shares of NYSEARCA:XLU opened at $82.90 on Wednesday. The stock’s fifty day moving average price is $80.04 and its 200-day moving average price is $75.02. The company has a market cap of $14.90 billion, a P/E ratio of 23.76 and a beta of 0.49. Utilities Select Sector SPDR Fund has a 1 year low of $59.14 and a 1 year high of $82.95.

Hedge Funds Weigh In On Utilities Select Sector SPDR Fund

A number of institutional investors have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC purchased a new position in shares of Utilities Select Sector SPDR Fund in the 1st quarter worth approximately $36,000. Cetera Investment Advisers boosted its stake in shares of Utilities Select Sector SPDR Fund by 238.6% during the first quarter. Cetera Investment Advisers now owns 740,621 shares of the exchange traded fund’s stock valued at $48,622,000 after purchasing an additional 521,877 shares in the last quarter. Cetera Advisor Networks LLC boosted its position in Utilities Select Sector SPDR Fund by 13.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 394,527 shares of the exchange traded fund’s stock valued at $25,901,000 after acquiring an additional 47,398 shares in the last quarter. Cetera Advisors LLC boosted its position in Utilities Select Sector SPDR Fund by 75.7% during the first quarter. Cetera Advisors LLC now owns 226,035 shares of the exchange traded fund’s stock valued at $14,839,000 after purchasing an additional 97,384 shares in the last quarter. Finally, Appleton Partners Inc. MA grew its position in shares of Utilities Select Sector SPDR Fund by 0.3% in the 2nd quarter. Appleton Partners Inc. MA now owns 53,892 shares of the exchange traded fund’s stock worth $3,672,000 after buying an additional 170 shares during the last quarter.

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.