Technology Select Sector SPDR Fund Sees Unusually Large Options Volume (NYSEARCA:XLK)

Technology Select Sector SPDR Fund (NYSEARCA:XLK) was the recipient of some unusual options trading on Monday. Investors purchased 59,978 put options on the company. This is an increase of 176% compared to the average daily volume of 21,763 put options.

Technology Select Sector SPDR Fund Stock Down 0.2%

XLK opened at $146.48 on Wednesday. Technology Select Sector SPDR Fund has a 52 week low of $86.22 and a 52 week high of $152.99. The business’s 50 day moving average is $144.26 and its two-hundred day moving average is $138.75. The firm has a market cap of $93.96 billion, a price-to-earnings ratio of 35.59 and a beta of 1.21.

Institutional Trading of Technology Select Sector SPDR Fund

A number of large investors have recently bought and sold shares of XLK. Trinity Financial Advisors LLC grew its position in Technology Select Sector SPDR Fund by 99.9% during the 4th quarter. Trinity Financial Advisors LLC now owns 3,411 shares of the exchange traded fund’s stock worth $491,000 after purchasing an additional 1,705 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in shares of Technology Select Sector SPDR Fund by 99.3% during the fourth quarter. Capital Investment Advisors LLC now owns 542,905 shares of the exchange traded fund’s stock worth $78,162,000 after buying an additional 270,520 shares during the period. Dakota Wealth Management grew its holdings in shares of Technology Select Sector SPDR Fund by 106.7% during the fourth quarter. Dakota Wealth Management now owns 261,849 shares of the exchange traded fund’s stock worth $37,698,000 after buying an additional 135,147 shares during the last quarter. Stephens Consulting LLC grew its holdings in shares of Technology Select Sector SPDR Fund by 100.2% during the fourth quarter. Stephens Consulting LLC now owns 935 shares of the exchange traded fund’s stock worth $135,000 after buying an additional 468 shares during the last quarter. Finally, Adamsbrown Wealth Consultants LLC increased its position in Technology Select Sector SPDR Fund by 102.8% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 3,417 shares of the exchange traded fund’s stock valued at $492,000 after acquiring an additional 1,732 shares during the period.

About Technology Select Sector SPDR Fund

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.