Traders Buy Large Volume of Financial Select Sector SPDR Fund Call Options (NYSEARCA:XLF)

Financial Select Sector SPDR Fund (NYSEARCA:XLF) saw unusually large options trading on Thursday. Stock investors bought 330,331 call options on the company. This represents an increase of approximately 40% compared to the average volume of 236,132 call options.

Institutional Trading of Financial Select Sector SPDR Fund

Several large investors have recently made changes to their positions in XLF. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Financial Select Sector SPDR Fund in the 3rd quarter valued at approximately $26,000. Rakuten Securities Inc. grew its stake in shares of Financial Select Sector SPDR Fund by 212.4% during the third quarter. Rakuten Securities Inc. now owns 603 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 410 shares during the last quarter. Transcendent Capital Group LLC increased its holdings in shares of Financial Select Sector SPDR Fund by 4,000.0% during the third quarter. Transcendent Capital Group LLC now owns 615 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 600 shares in the last quarter. Synergy Asset Management LLC bought a new position in shares of Financial Select Sector SPDR Fund in the 4th quarter valued at $29,000. Finally, Rational Advisors LLC acquired a new stake in shares of Financial Select Sector SPDR Fund during the 3rd quarter valued at $34,000.

Financial Select Sector SPDR Fund Stock Down 0.6 %

XLF opened at $51.47 on Friday. The stock has a market capitalization of $47.98 billion, a price-to-earnings ratio of 18.32 and a beta of 0.83. Financial Select Sector SPDR Fund has a twelve month low of $38.25 and a twelve month high of $52.04. The company has a 50-day simple moving average of $49.62 and a 200 day simple moving average of $46.86.

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.