Health Care Select Sector SPDR Fund Target of Unusually Large Options Trading (NYSEARCA:XLV)

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) saw unusually large options trading activity on Tuesday. Stock traders acquired 22,705 call options on the stock. This is an increase of approximately 35% compared to the average volume of 16,822 call options.

Health Care Select Sector SPDR Fund Price Performance

Health Care Select Sector SPDR Fund stock traded up $2.74 during mid-day trading on Tuesday, reaching $164.70. 5,180,931 shares of the company traded hands, compared to its average volume of 12,426,336. Health Care Select Sector SPDR Fund has a fifty-two week low of $127.96 and a fifty-two week high of $165.61. The company has a market capitalization of $42.23 billion, a price-to-earnings ratio of 21.15 and a beta of 0.56. The firm’s fifty day moving average is $150.13 and its two-hundred day moving average is $152.15.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in Health Care Select Sector SPDR Fund by 11.7% in the 1st quarter. Bank of America Corp DE now owns 31,021,559 shares of the exchange traded fund’s stock worth $4,548,071,000 after acquiring an additional 3,259,957 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Health Care Select Sector SPDR Fund by 21.4% during the 4th quarter. JPMorgan Chase & Co. now owns 16,768,323 shares of the exchange traded fund’s stock valued at $2,595,737,000 after purchasing an additional 2,957,648 shares during the last quarter. Focus Partners Wealth grew its stake in Health Care Select Sector SPDR Fund by 191.2% during the 3rd quarter. Focus Partners Wealth now owns 2,739,901 shares of the exchange traded fund’s stock valued at $381,315,000 after purchasing an additional 1,799,103 shares during the last quarter. Rokos Capital Management LLP acquired a new position in shares of Health Care Select Sector SPDR Fund in the fourth quarter valued at about $256,589,000. Finally, State Street Corp increased its holdings in shares of Health Care Select Sector SPDR Fund by 897.6% in the second quarter. State Street Corp now owns 1,325,623 shares of the exchange traded fund’s stock valued at $178,681,000 after purchasing an additional 1,192,747 shares during the period.

About Health Care Select Sector SPDR Fund

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.