Stock Traders Buy Large Volume of Energy Select Sector SPDR Fund Put Options (NYSEARCA:XLE)

Energy Select Sector SPDR Fund (NYSEARCA:XLE) saw some unusual options trading activity on Friday. Traders purchased 166,812 put options on the company. This represents an increase of 52% compared to the typical volume of 109,577 put options.

Energy Select Sector SPDR Fund Stock Performance

NYSEARCA:XLE opened at $78.76 on Friday. Energy Select Sector SPDR Fund has a one year low of $78.76 and a one year high of $98.97. The firm has a market cap of $27.96 billion, a price-to-earnings ratio of 16.23 and a beta of 0.93. The firm’s fifty day moving average is $89.97 and its two-hundred day moving average is $90.28.

Energy Select Sector SPDR Fund Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were issued a dividend of $0.7163 per share. The ex-dividend date was Monday, March 24th. This is an increase from Energy Select Sector SPDR Fund’s previous dividend of $0.71.

Hedge Funds Weigh In On Energy Select Sector SPDR Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Webster Bank N. A. lifted its position in Energy Select Sector SPDR Fund by 7.4% during the first quarter. Webster Bank N. A. now owns 2,208 shares of the exchange traded fund’s stock worth $206,000 after buying an additional 153 shares during the period. Magnolia Capital Management Ltd. acquired a new stake in shares of Energy Select Sector SPDR Fund during the 1st quarter worth $237,000. First Citizens Financial Corp increased its holdings in shares of Energy Select Sector SPDR Fund by 22.3% during the 1st quarter. First Citizens Financial Corp now owns 3,771 shares of the exchange traded fund’s stock worth $352,000 after buying an additional 688 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Energy Select Sector SPDR Fund by 3,486.1% in the 4th quarter. Wellington Management Group LLP now owns 183,466 shares of the exchange traded fund’s stock worth $15,716,000 after buying an additional 178,350 shares during the period. Finally, Mascagni Wealth Management Inc. acquired a new position in Energy Select Sector SPDR Fund in the fourth quarter valued at $535,000.

About Energy Select Sector SPDR Fund

Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services.