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

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the target of unusually large options trading activity on Thursday. Stock investors bought 389,532 put options on the stock. This is an increase of approximately 69% compared to the average volume of 231,090 put options.

Institutional Trading of Financial Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quadcap Wealth Management LLC grew its position in shares of Financial Select Sector SPDR Fund by 1.3% during the 4th quarter. Quadcap Wealth Management LLC now owns 15,751 shares of the exchange traded fund’s stock valued at $761,000 after buying an additional 199 shares during the last quarter. Monetary Management Group Inc. grew its holdings in shares of Financial Select Sector SPDR Fund by 0.5% during the fourth quarter. Monetary Management Group Inc. now owns 36,750 shares of the exchange traded fund’s stock valued at $1,776,000 after purchasing an additional 200 shares during the last quarter. Allegheny Financial Group raised its position in shares of Financial Select Sector SPDR Fund by 4.2% during the 4th quarter. Allegheny Financial Group now owns 5,018 shares of the exchange traded fund’s stock worth $243,000 after purchasing an additional 200 shares during the period. MGB Wealth Management LLC raised its position in shares of Financial Select Sector SPDR Fund by 2.1% during the 4th quarter. MGB Wealth Management LLC now owns 9,980 shares of the exchange traded fund’s stock worth $482,000 after purchasing an additional 203 shares during the period. Finally, Maiden Cove Capital LLC lifted its holdings in shares of Financial Select Sector SPDR Fund by 1.0% in the 4th quarter. Maiden Cove Capital LLC now owns 20,423 shares of the exchange traded fund’s stock worth $987,000 after purchasing an additional 206 shares during the last quarter.

Financial Select Sector SPDR Fund Trading Down 7.3 %

Shares of XLF opened at $44.20 on Friday. The firm has a market cap of $45.97 billion, a price-to-earnings ratio of 17.16 and a beta of 0.97. Financial Select Sector SPDR Fund has a 52 week low of $39.53 and a 52 week high of $52.64. The stock has a 50 day moving average of $50.31 and a 200-day moving average of $48.94.

Financial Select Sector SPDR Fund Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were issued a $0.1788 dividend. The ex-dividend date was Monday, March 24th. This is an increase from Financial Select Sector SPDR Fund’s previous dividend of $0.16.

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.