Financial Select Sector SPDR Fund (NYSE:XLF) was the target of some unusual options trading activity on Wednesday. Stock traders purchased 63,659 put options on the stock. This is an increase of approximately 132% compared to the typical volume of 27,399 put options.

A number of institutional investors and hedge funds have recently made changes to their positions in XLF. Wetherby Asset Management Inc. acquired a new position in Financial Select Sector SPDR Fund during the second quarter worth $200,000. Calamos Wealth Management LLC acquired a new position in Financial Select Sector SPDR Fund during the second quarter worth $204,000. Sage Advisory Services Ltd.Co. acquired a new position in Financial Select Sector SPDR Fund during the second quarter worth $212,000. Bronfman E.L. Rothschild L.P. boosted its holdings in Financial Select Sector SPDR Fund by 120.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 8,776 shares of the exchange traded fund’s stock worth $217,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in Financial Select Sector SPDR Fund by 146,283.3% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 8,783 shares of the exchange traded fund’s stock worth $220,000 after purchasing an additional 8,777 shares during the last quarter.

Shares of Financial Select Sector SPDR Fund (XLF) opened at 24.10 on Friday. Financial Select Sector SPDR Fund has a 1-year low of $18.94 and a 1-year high of $25.59. The company has a 50 day moving average of $24.84 and a 200 day moving average of $24.25.

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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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