Traders Purchase Large Volume of Put Options on Industrial Select Sector SPDR Fund (NYSEARCA:XLI)

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the recipient of unusually large options trading on Friday. Stock traders purchased 134,998 put options on the company. This represents an increase of 124% compared to the average volume of 60,371 put options.

Industrial Select Sector SPDR Fund Stock Performance

XLI stock opened at $165.44 on Friday. Industrial Select Sector SPDR Fund has a fifty-two week low of $112.75 and a fifty-two week high of $167.20. The business’s 50-day moving average is $158.61 and its two-hundred day moving average is $154.53. The company has a market cap of $27.59 billion, a price-to-earnings ratio of 24.30 and a beta of 1.07.

Institutional Trading of Industrial Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XLI. Wealthcare Advisory Partners LLC boosted its position in shares of Industrial Select Sector SPDR Fund by 2.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 43,810 shares of the exchange traded fund’s stock worth $6,463,000 after acquiring an additional 1,211 shares during the last quarter. JSF Financial LLC lifted its stake in Industrial Select Sector SPDR Fund by 2.0% in the 2nd quarter. JSF Financial LLC now owns 57,281 shares of the exchange traded fund’s stock worth $8,450,000 after purchasing an additional 1,124 shares in the last quarter. OLD National Bancorp IN boosted its holdings in shares of Industrial Select Sector SPDR Fund by 36.3% during the 2nd quarter. OLD National Bancorp IN now owns 110,223 shares of the exchange traded fund’s stock valued at $16,260,000 after purchasing an additional 29,360 shares during the last quarter. Massachusetts Wealth Management grew its position in shares of Industrial Select Sector SPDR Fund by 5.6% during the second quarter. Massachusetts Wealth Management now owns 33,041 shares of the exchange traded fund’s stock valued at $4,874,000 after purchasing an additional 1,765 shares in the last quarter. Finally, Berkshire Money Management Inc. purchased a new position in shares of Industrial Select Sector SPDR Fund during the second quarter valued at about $188,000.

Industrial Select Sector SPDR Fund Company Profile

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.