Traders Buy Large Volume of Communication Services Select Sector SPDR Fund Call Options (NYSEARCA:XLC)

Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) was the target of unusually large options trading on Thursday. Stock investors purchased 15,568 call options on the company. This is an increase of 294% compared to the typical volume of 3,948 call options.

Communication Services Select Sector SPDR Fund Price Performance

Shares of XLC traded down $1.94 during trading hours on Friday, reaching $95.15. 3,526,386 shares of the company’s stock traded hands, compared to its average volume of 4,819,045. Communication Services Select Sector SPDR Fund has a twelve month low of $68.51 and a twelve month high of $97.62. The business’s fifty day simple moving average is $90.84 and its two-hundred day simple moving average is $86.71. The firm has a market capitalization of $20.82 billion, a price-to-earnings ratio of 29.67 and a beta of 1.15.

Hedge Funds Weigh In On Communication Services Select Sector SPDR Fund

Several large investors have recently bought and sold shares of XLC. Russell Investments Group Ltd. bought a new stake in shares of Communication Services Select Sector SPDR Fund in the 1st quarter worth $37,000. Koshinski Asset Management Inc. acquired a new stake in Communication Services Select Sector SPDR Fund in the 1st quarter valued at about $243,000. SageView Advisory Group LLC lifted its holdings in Communication Services Select Sector SPDR Fund by 74.2% in the 1st quarter. SageView Advisory Group LLC now owns 10,000 shares of the company’s stock valued at $817,000 after acquiring an additional 4,258 shares during the last quarter. Blair William & Co. IL boosted its position in shares of Communication Services Select Sector SPDR Fund by 13.7% during the 1st quarter. Blair William & Co. IL now owns 80,185 shares of the company’s stock valued at $6,548,000 after purchasing an additional 9,679 shares in the last quarter. Finally, Orion Portfolio Solutions LLC grew its stake in shares of Communication Services Select Sector SPDR Fund by 5.7% in the 1st quarter. Orion Portfolio Solutions LLC now owns 123,423 shares of the company’s stock worth $10,079,000 after purchasing an additional 6,651 shares during the last quarter.

Communication Services Select Sector SPDR Fund Company Profile

The Communication Services Select Sector SPDR Fund (XLC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of US telecommunication and media & entertainment components of the S&P 500 index. XLC was launched on Jun 18, 2018 and is managed by State Street.