Investors Purchase Large Volume of Financial Select Sector SPDR Fund Put Options (XLF) – The Ledger Gazette

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Financial Select Sector SPDR Fund (NYSE:XLF) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 63,659 put options on the stock. This represents an increase of approximately 132% compared to the average daily volume of 27,399 put options.

Shares of Financial Select Sector SPDR Fund (XLF) opened at 24.10 on Monday. The firm has a 50-day moving average of $24.84 and a 200 day moving average of $24.25. Financial Select Sector SPDR Fund has a 52-week low of $18.94 and a 52-week high of $25.59.

Hedge funds and other institutional investors have recently modified their holdings of the business. Smith Salley & Associates raised its stake in Financial Select Sector SPDR Fund by 0.6% during the second quarter. Smith Salley & Associates now owns 83,568 shares of the exchange traded fund’s stock worth $2,062,000 after acquiring an additional 460 shares in the last quarter. MCF Advisors LLC raised its stake in Financial Select Sector SPDR Fund by 0.3% during the second quarter. MCF Advisors LLC now owns 23,163 shares of the exchange traded fund’s stock worth $571,000 after acquiring an additional 71 shares in the last quarter. Moloney Securities Asset Management LLC raised its stake in Financial Select Sector SPDR Fund by 17.0% during the second quarter. Moloney Securities Asset Management LLC now owns 18,619 shares of the exchange traded fund’s stock worth $459,000 after acquiring an additional 2,709 shares in the last quarter. CMH Wealth Management LLC raised its stake in Financial Select Sector SPDR Fund by 7.9% during the second quarter. CMH Wealth Management LLC now owns 79,398 shares of the exchange traded fund’s stock worth $1,978,000 after acquiring an additional 5,825 shares in the last quarter. Finally, Contravisory Investment Management Inc. raised its stake in Financial Select Sector SPDR Fund by 2.3% during the second quarter. Contravisory Investment Management Inc. now owns 18,952 shares of the exchange traded fund’s stock worth $468,000 after acquiring an additional 420 shares in the last quarter.

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Financial Select Sector SPDR Fund Company Profile

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.

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