Stock Traders Buy High Volume of Utilities SPDR Put Options (XLU)
Utilities SPDR (NYSE:XLU) saw some unusual options trading on Wednesday. Stock traders purchased 27,463 put options on the stock. This is an increase of 411% compared to the typical volume of 5,379 put options.
Several hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. raised its stake in Utilities SPDR by 11,337.5% in the second quarter. Sei Investments Co. now owns 3,660 shares of the exchange traded fund’s stock worth $190,000 after buying an additional 3,628 shares during the last quarter. Parsec Financial Management Inc. acquired a new stake in Utilities SPDR during the second quarter worth $437,000. Barry Investment Advisors LLC raised its stake in Utilities SPDR by 0.5% in the second quarter. Barry Investment Advisors LLC now owns 27,381 shares of the exchange traded fund’s stock worth $1,423,000 after buying an additional 137 shares during the last quarter. Texas Permanent School Fund acquired a new stake in Utilities SPDR during the second quarter worth $923,000. Finally, Ingalls & Snyder LLC raised its stake in Utilities SPDR by 0.8% in the second quarter. Ingalls & Snyder LLC now owns 4,187 shares of the exchange traded fund’s stock worth $218,000 after buying an additional 35 shares during the last quarter.
Utilities SPDR (NYSE XLU) opened at 55.14 on Monday. The stock has a 50 day moving average price of $53.38 and a 200 day moving average price of $52.25. Utilities SPDR has a 12-month low of $45.33 and a 12-month high of $55.34.
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Utilities SPDR Company Profile
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.
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