Financial Select Sector SPDR Fund Sees Unusually High Options Volume (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the recipient of unusually large options trading on Tuesday. Traders acquired 249,798 call options on the company. This represents an increase of approximately 43% compared to the average volume of 174,916 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of XLF. Hilltop National Bank bought a new position in Financial Select Sector SPDR Fund in the first quarter valued at about $798,000. Guardian Asset Advisors LLC increased its position in shares of Financial Select Sector SPDR Fund by 11.2% during the 1st quarter. Guardian Asset Advisors LLC now owns 16,312 shares of the exchange traded fund’s stock valued at $687,000 after purchasing an additional 1,642 shares during the last quarter. Gallacher Capital Management LLC lifted its stake in shares of Financial Select Sector SPDR Fund by 14.7% in the 1st quarter. Gallacher Capital Management LLC now owns 7,619 shares of the exchange traded fund’s stock worth $321,000 after purchasing an additional 975 shares during the period. Aull & Monroe Investment Management Corp bought a new stake in Financial Select Sector SPDR Fund during the first quarter valued at approximately $262,000. Finally, Manchester Capital Management LLC grew its position in Financial Select Sector SPDR Fund by 4.3% during the first quarter. Manchester Capital Management LLC now owns 6,100 shares of the exchange traded fund’s stock valued at $257,000 after buying an additional 250 shares during the period.

Financial Select Sector SPDR Fund Stock Up 0.9 %

Shares of XLF stock traded up $0.43 during trading hours on Tuesday, hitting $46.71. 34,545,273 shares of the company’s stock traded hands, compared to its average volume of 40,323,367. The stock’s fifty day simple moving average is $45.76 and its two-hundred day simple moving average is $43.27. Financial Select Sector SPDR Fund has a 12-month low of $33.46 and a 12-month high of $47.81. The stock has a market cap of $43.55 billion, a price-to-earnings ratio of 18.32 and a beta of 0.83.

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.