Industrial Select Sector SPDR Fund Sees Unusually Large Options Volume (NYSEARCA:XLI)

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the target of some unusual options trading on Wednesday. Traders bought 61,113 put options on the company. This represents an increase of 128% compared to the typical volume of 26,782 put options.

Institutional Trading of Industrial Select Sector SPDR Fund

Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of Industrial Select Sector SPDR Fund by 4.1% during the 1st quarter. Bank of America Corp DE now owns 12,326,564 shares of the exchange traded fund’s stock worth $1,993,575,000 after purchasing an additional 491,019 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Industrial Select Sector SPDR Fund by 31.6% in the 4th quarter. Wells Fargo & Company MN now owns 6,607,181 shares of the exchange traded fund’s stock valued at $1,024,906,000 after buying an additional 1,585,209 shares during the period. LPL Financial LLC lifted its stake in Industrial Select Sector SPDR Fund by 2.4% during the 4th quarter. LPL Financial LLC now owns 4,914,079 shares of the exchange traded fund’s stock worth $762,272,000 after acquiring an additional 114,153 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Industrial Select Sector SPDR Fund by 3,790.3% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,931,874 shares of the exchange traded fund’s stock valued at $474,164,000 after acquiring an additional 2,856,510 shares during the period. Finally, Meitav Investment House Ltd. increased its stake in Industrial Select Sector SPDR Fund by 85.2% during the 1st quarter. Meitav Investment House Ltd. now owns 1,330,667 shares of the exchange traded fund’s stock worth $215,209,000 after buying an additional 612,118 shares during the period.

Industrial Select Sector SPDR Fund Stock Down 0.8%

Shares of Industrial Select Sector SPDR Fund stock traded down $1.29 during mid-day trading on Wednesday, reaching $167.84. 4,942,055 shares of the stock traded hands, compared to its average volume of 9,643,574. The business has a 50-day moving average of $177.45 and a 200 day moving average of $174.81. The stock has a market capitalization of $29.97 billion, a PE ratio of 24.30 and a beta of 0.98. Industrial Select Sector SPDR Fund has a fifty-two week low of $147.13 and a fifty-two week high of $188.19.

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.