Health Care Select Sector SPDR Fund Sees Unusually High Options Volume (NYSEARCA:XLV)

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) saw unusually large options trading on Wednesday. Investors bought 33,624 put options on the company. This is an increase of approximately 59% compared to the average daily volume of 21,177 put options.

Health Care Select Sector SPDR Fund Stock Down 1.0%

Shares of NYSEARCA:XLV traded down $1.69 on Wednesday, hitting $169.04. The company had a trading volume of 8,308,247 shares, compared to its average volume of 11,193,017. Health Care Select Sector SPDR Fund has a 1 year low of $139.60 and a 1 year high of $176.60. The firm has a market capitalization of $43.35 billion, a price-to-earnings ratio of 21.15 and a beta of 0.56. The firm’s 50-day simple moving average is $168.36 and its two-hundred day simple moving average is $156.85.

Hedge Funds Weigh In On Health Care Select Sector SPDR Fund

Large investors have recently made changes to their positions in the business. Axiom Investment Management LLC bought a new stake in Health Care Select Sector SPDR Fund during the 1st quarter valued at about $25,000. Strive Financial Group LLC boosted its stake in shares of Health Care Select Sector SPDR Fund by 170.7% during the 2nd quarter. Strive Financial Group LLC now owns 157 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 99 shares during the last quarter. Nalls Sherbakoff Group LLC bought a new position in shares of Health Care Select Sector SPDR Fund in the fourth quarter worth about $27,000. Orion Capital Management LLC raised its stake in Health Care Select Sector SPDR Fund by 397.2% during the 2nd quarter. Orion Capital Management LLC now owns 179 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 143 shares during the period. Finally, Parvin Asset Management LLC increased its stake in Health Care Select Sector SPDR Fund by 121.2% in the 1st quarter. Parvin Asset Management LLC now owns 200 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 1,143 shares in the last quarter.

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.