Industrial Select Sector SPDR Fund Target of Unusually Large Options Trading (NYSEARCA:XLI)

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the target of unusually large options trading on Wednesday. Traders acquired 118,919 put options on the stock. This is an increase of approximately 176% compared to the average daily volume of 43,150 put options.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Richards Merrill & Peterson Inc. bought a new stake in Industrial Select Sector SPDR Fund in the 4th quarter valued at $25,000. Ankerstar Wealth LLC bought a new position in shares of Industrial Select Sector SPDR Fund during the 4th quarter worth about $25,000. Cornerstone Planning Group LLC increased its holdings in shares of Industrial Select Sector SPDR Fund by 118.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 164 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 89 shares during the period. Financial Network Wealth Advisors LLC raised its position in shares of Industrial Select Sector SPDR Fund by 148.1% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 117 shares during the last quarter. Finally, Chung Wu Investment Group LLC acquired a new position in shares of Industrial Select Sector SPDR Fund during the third quarter valued at about $31,000.

Industrial Select Sector SPDR Fund Stock Down 0.4%

XLI opened at $163.77 on Friday. The firm has a market capitalization of $27.71 billion, a P/E ratio of 24.30 and a beta of 1.07. The stock’s 50 day moving average price is $169.21 and its two-hundred day moving average price is $160.08. Industrial Select Sector SPDR Fund has a 12-month low of $112.75 and a 12-month high of $179.30.

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.