Utilities Select Sector SPDR Fund Target of Unusually Large Options Trading (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) saw unusually large options trading on Friday. Stock investors purchased 49,949 put options on the company. This represents an increase of 37% compared to the average daily volume of 36,588 put options.

Utilities Select Sector SPDR Fund Stock Up 1.0 %

XLU stock opened at $71.50 on Friday. The firm has a market cap of $12.85 billion, a price-to-earnings ratio of 23.76 and a beta of 0.49. Utilities Select Sector SPDR Fund has a twelve month low of $54.77 and a twelve month high of $72.90. The business’s fifty day simple moving average is $67.09 and its two-hundred day simple moving average is $64.02.

Institutional Investors Weigh In On Utilities Select Sector SPDR Fund

A number of institutional investors have recently added to or reduced their stakes in XLU. Sound Income Strategies LLC boosted its position in Utilities Select Sector SPDR Fund by 177.5% during the fourth quarter. Sound Income Strategies LLC now owns 419 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 268 shares in the last quarter. City State Bank boosted its holdings in Utilities Select Sector SPDR Fund by 113.2% in the first quarter. City State Bank now owns 405 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 215 shares in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new stake in Utilities Select Sector SPDR Fund in the fourth quarter worth about $30,000. Register Financial Advisors LLC boosted its holdings in Utilities Select Sector SPDR Fund by 1,104.9% in the fourth quarter. Register Financial Advisors LLC now owns 494 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 453 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. lifted its holdings in shares of Utilities Select Sector SPDR Fund by 772.3% during the third quarter. Financial Gravity Asset Management Inc. now owns 567 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 502 shares during the period.

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.