Investors Buy Large Volume of Health Care Select Sector SPDR Fund Put Options (NYSEARCA:XLV)

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) was the recipient of some unusual options trading activity on Thursday. Traders bought 87,938 put options on the company. This represents an increase of 340% compared to the typical daily volume of 19,974 put options.

Health Care Select Sector SPDR Fund Stock Performance

Health Care Select Sector SPDR Fund stock opened at $133.09 on Friday. The firm’s 50-day moving average is $138.93 and its 200-day moving average is $142.42. Health Care Select Sector SPDR Fund has a 1 year low of $127.35 and a 1 year high of $159.64. The company has a market cap of $35.22 billion, a P/E ratio of 27.62 and a beta of 0.68.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of Health Care Select Sector SPDR Fund in the 4th quarter worth about $828,123,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Health Care Select Sector SPDR Fund in the 4th quarter worth about $472,282,000. JPMorgan Chase & Co. increased its holdings in shares of Health Care Select Sector SPDR Fund by 16.0% in the 1st quarter. JPMorgan Chase & Co. now owns 12,681,479 shares of the exchange traded fund’s stock worth $1,851,643,000 after acquiring an additional 1,750,223 shares during the period. Two Sigma Investments LP increased its holdings in shares of Health Care Select Sector SPDR Fund by 56.9% in the 4th quarter. Two Sigma Investments LP now owns 2,371,357 shares of the exchange traded fund’s stock worth $326,228,000 after acquiring an additional 860,157 shares during the period. Finally, CHURCHILL MANAGEMENT Corp increased its holdings in shares of Health Care Select Sector SPDR Fund by 37.6% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 2,690,451 shares of the exchange traded fund’s stock worth $392,833,000 after acquiring an additional 734,546 shares during the period.

About Health Care Select Sector SPDR Fund

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500).