Stock Traders Purchase High 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. Investors bought 249,114 put options on the stock. This is an increase of 267% compared to the typical daily volume of 67,921 put options.

Industrial Select Sector SPDR Fund Trading Down 0.6%

Shares of XLI opened at $156.74 on Friday. Industrial Select Sector SPDR Fund has a 12-month low of $112.75 and a 12-month high of $158.46. The business’s 50 day moving average is $153.27 and its 200 day moving average is $150.87. The company has a market capitalization of $24.56 billion, a PE ratio of 24.30 and a beta of 1.07.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

Large investors have recently bought and sold shares of the business. Brighton Jones LLC purchased a new stake in shares of Industrial Select Sector SPDR Fund during the 4th quarter valued at approximately $337,000. Townsquare Capital LLC boosted its stake in Industrial Select Sector SPDR Fund by 23.6% during the first quarter. Townsquare Capital LLC now owns 8,423 shares of the exchange traded fund’s stock valued at $1,104,000 after buying an additional 1,609 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Industrial Select Sector SPDR Fund by 75.0% in the 1st quarter. Russell Investments Group Ltd. now owns 1,900 shares of the exchange traded fund’s stock valued at $249,000 after buying an additional 814 shares during the period. Kovitz Investment Group Partners LLC grew its stake in Industrial Select Sector SPDR Fund by 41.1% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 3,714 shares of the exchange traded fund’s stock worth $487,000 after buying an additional 1,081 shares during the last quarter. Finally, Providence Capital Advisors LLC grew its position in shares of Industrial Select Sector SPDR Fund by 3.1% during the 1st quarter. Providence Capital Advisors LLC now owns 5,472 shares of the exchange traded fund’s stock valued at $717,000 after acquiring an additional 166 shares during the period.

About Industrial Select Sector SPDR Fund

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.