Investors Buy High Volume of Utilities Select Sector SPDR Fund Put Options (NYSEARCA:XLU)

Utilities Select Sector SPDR Fund (NYSEARCA:XLU) was the recipient of unusually large options trading on Tuesday. Traders acquired 32,500 put options on the stock. This is an increase of 51% compared to the typical volume of 21,495 put options.

Utilities Select Sector SPDR Fund Price Performance

Shares of Utilities Select Sector SPDR Fund stock opened at $82.77 on Wednesday. Utilities Select Sector SPDR Fund has a one year low of $67.60 and a one year high of $83.41. The firm has a market capitalization of $19.15 billion, a price-to-earnings ratio of 20.82 and a beta of 0.58. The business has a 50-day simple moving average of $78.33 and a 200 day simple moving average of $78.33.

Institutional Trading of Utilities Select Sector SPDR Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Madison Park Capital Advisors LLC purchased a new stake in shares of Utilities Select Sector SPDR Fund during the fourth quarter worth $5,528,000. Dakota Wealth Management boosted its position in Utilities Select Sector SPDR Fund by 5.7% during the 4th quarter. Dakota Wealth Management now owns 108,403 shares of the exchange traded fund’s stock valued at $8,205,000 after acquiring an additional 5,817 shares in the last quarter. Traphagen Investment Advisors LLC bought a new stake in Utilities Select Sector SPDR Fund during the 4th quarter valued at approximately $264,000. Alpha Cubed Investments LLC boosted its position in Utilities Select Sector SPDR Fund by 178.4% during the 4th quarter. Alpha Cubed Investments LLC now owns 30,506 shares of the exchange traded fund’s stock valued at $2,309,000 after acquiring an additional 19,550 shares in the last quarter. Finally, ARS Investment Partners LLC boosted its position in Utilities Select Sector SPDR Fund by 6.1% during the 4th quarter. ARS Investment Partners LLC now owns 5,168 shares of the exchange traded fund’s stock valued at $391,000 after acquiring an additional 298 shares in the last quarter.

About Utilities Select Sector SPDR Fund

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.