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

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the recipient of unusually large options trading on Thursday. Traders bought 330,331 call options on the company. This represents an increase of approximately 40% compared to the typical daily volume of 236,132 call options.

Financial Select Sector SPDR Fund Stock Performance

Financial Select Sector SPDR Fund stock opened at $51.77 on Friday. Financial Select Sector SPDR Fund has a 52 week low of $38.25 and a 52 week high of $52.04. The stock has a market capitalization of $48.26 billion, a P/E ratio of 18.32 and a beta of 0.83. The stock has a fifty day moving average of $49.59 and a 200-day moving average of $46.82.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. L.M. Kohn & Company increased its holdings in Financial Select Sector SPDR Fund by 66.8% in the 4th quarter. L.M. Kohn & Company now owns 24,118 shares of the exchange traded fund’s stock worth $1,166,000 after purchasing an additional 9,658 shares in the last quarter. Csenge Advisory Group grew its holdings in shares of Financial Select Sector SPDR Fund by 16.1% during the fourth quarter. Csenge Advisory Group now owns 33,643 shares of the exchange traded fund’s stock worth $1,626,000 after purchasing an additional 4,676 shares during the last quarter. James Investment Research Inc. increased its stake in shares of Financial Select Sector SPDR Fund by 1.9% in the fourth quarter. James Investment Research Inc. now owns 11,915 shares of the exchange traded fund’s stock valued at $576,000 after buying an additional 222 shares during the period. Strategic Financial Concepts LLC raised its holdings in Financial Select Sector SPDR Fund by 22.5% in the 4th quarter. Strategic Financial Concepts LLC now owns 15,714 shares of the exchange traded fund’s stock valued at $759,000 after buying an additional 2,882 shares during the last quarter. Finally, Allworth Financial LP boosted its position in Financial Select Sector SPDR Fund by 5.2% during the 4th quarter. Allworth Financial LP now owns 87,126 shares of the exchange traded fund’s stock worth $4,392,000 after buying an additional 4,309 shares during the period.

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.