Traders Purchase Large Volume of Financial Select Sector SPDR Fund Put Options (NYSE:XLF)

Financial Select Sector SPDR Fund (NYSE:XLF) saw some unusual options trading activity on Wednesday. Investors purchased 50,298 put options on the stock. This is an increase of 113% compared to the typical daily volume of 23,579 put options.

Shares of Financial Select Sector SPDR Fund (NYSE:XLF) opened at 24.73 on Friday. Financial Select Sector SPDR Fund has a 52 week low of $18.94 and a 52 week high of $25.59. The firm’s 50-day moving average is $24.90 and its 200 day moving average is $24.13.

Several large investors have recently modified their holdings of XLF. Cypress Asset Management Inc. TX raised its stake in shares of Financial Select Sector SPDR Fund by 1.3% in the second quarter. Cypress Asset Management Inc. TX now owns 74,510 shares of the exchange traded fund’s stock worth $1,838,000 after buying an additional 930 shares during the last quarter. Puplava Financial Services Inc. bought a new stake in shares of Financial Select Sector SPDR Fund during the second quarter worth approximately $491,000. Mutual of Omaha Bank Wealth Management bought a new stake in shares of Financial Select Sector SPDR Fund during the second quarter worth approximately $4,236,000. Appropriate Balance Financial Services Inc. raised its stake in shares of Financial Select Sector SPDR Fund by 3.1% in the second quarter. Appropriate Balance Financial Services Inc. now owns 11,235 shares of the exchange traded fund’s stock worth $455,414,000 after buying an additional 333 shares during the last quarter. Finally, Cue Financial Group Inc. raised its stake in shares of Financial Select Sector SPDR Fund by 71.7% in the second quarter. Cue Financial Group Inc. now owns 69,567 shares of the exchange traded fund’s stock worth $1,716,000 after buying an additional 29,042 shares during the last quarter.

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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.

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