Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) was the target of unusually large options trading on Thursday. Stock investors purchased 10,264 call options on the company. This is an increase of approximately 2,151% compared to the typical daily volume of 456 call options.

Shares of XLC stock opened at $47.02 on Friday. Communication Services Select Sector SPDR Fund has a fifty-two week low of $38.97 and a fifty-two week high of $52.11.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Monday, March 18th will be issued a $0.0834 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, March 15th.

Hedge funds have recently modified their holdings of the business. Trustees of Dartmouth College acquired a new stake in shares of Communication Services Select Sector SPDR Fund during the 4th quarter valued at $35,000. Bronfman E.L. Rothschild L.P. acquired a new stake in shares of Communication Services Select Sector SPDR Fund during the 4th quarter valued at $36,000. BDO Wealth Advisors LLC acquired a new stake in shares of Communication Services Select Sector SPDR Fund during the 4th quarter valued at $38,000. Cordasco Financial Network acquired a new stake in shares of Communication Services Select Sector SPDR Fund during the 4th quarter valued at $38,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Communication Services Select Sector SPDR Fund during the 4th quarter valued at $39,000.

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