Technology Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLK)

Technology Select Sector SPDR Fund (NYSEARCA:XLK) saw unusually large options trading on Friday. Traders acquired 52,660 put options on the company. This is an increase of 189% compared to the average daily volume of 18,213 put options.

Institutional Trading of Technology Select Sector SPDR Fund

Hedge funds have recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC boosted its stake in Technology Select Sector SPDR Fund by 613,347.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 101,114,576 shares of the exchange traded fund’s stock valued at $25,605,244,000 after purchasing an additional 101,098,093 shares during the period. Focus Partners Wealth increased its position in Technology Select Sector SPDR Fund by 309.3% in the 3rd quarter. Focus Partners Wealth now owns 6,685,624 shares of the exchange traded fund’s stock valued at $1,884,413,000 after acquiring an additional 5,052,145 shares during the period. Envestnet Asset Management Inc. raised its stake in Technology Select Sector SPDR Fund by 9.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,534,255 shares of the exchange traded fund’s stock valued at $1,401,439,000 after acquiring an additional 471,344 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Technology Select Sector SPDR Fund by 9.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,283,252 shares of the exchange traded fund’s stock worth $1,489,223,000 after acquiring an additional 451,801 shares during the period. Finally, CHURCHILL MANAGEMENT Corp grew its stake in shares of Technology Select Sector SPDR Fund by 4.1% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 4,809,901 shares of the exchange traded fund’s stock worth $1,218,011,000 after purchasing an additional 190,006 shares in the last quarter.

Technology Select Sector SPDR Fund Trading Up 0.7%

Shares of XLK stock opened at $146.60 on Friday. Technology Select Sector SPDR Fund has a twelve month low of $86.22 and a twelve month high of $152.99. The business’s 50 day moving average is $144.00 and its two-hundred day moving average is $133.68. The company has a market capitalization of $47.35 billion, a P/E ratio of 35.59 and a beta of 1.21.

Technology Select Sector SPDR Fund Company Profile

Sector SPDR Trust SBI Interest, formerly Technology Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Technology Select Sector of the S&P 500 Index (the Index). The Index includes companies primarily involved in industries, such as information technology (IT) consulting, semiconductor equipment and products, computers and peripherals, diversified telecommunication services and wireless telecommunication services.It utilizes a passive or indexing investment approach to invest in a portfolio of stocks that seek to replicate the Index.