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

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the target of some unusual options trading activity on Friday. Stock traders bought 164,414 put options on the stock. This is an increase of 216% compared to the average volume of 51,967 put options.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently made changes to their positions in XLI. PeakShares LLC bought a new stake in Industrial Select Sector SPDR Fund in the fourth quarter valued at about $2,528,000. Corient Private Wealth LLC grew its position in shares of Industrial Select Sector SPDR Fund by 30.2% during the 4th quarter. Corient Private Wealth LLC now owns 129,935 shares of the exchange traded fund’s stock worth $20,169,000 after buying an additional 30,152 shares during the period. Union Savings Bank acquired a new position in shares of Industrial Select Sector SPDR Fund during the 4th quarter worth about $65,000. Hsbc Holdings PLC increased its stake in shares of Industrial Select Sector SPDR Fund by 202.2% in the 4th quarter. Hsbc Holdings PLC now owns 59,839 shares of the exchange traded fund’s stock valued at $9,315,000 after acquiring an additional 118,364 shares during the last quarter. Finally, Bayban bought a new stake in shares of Industrial Select Sector SPDR Fund in the 4th quarter valued at about $215,000.

Industrial Select Sector SPDR Fund Stock Down 0.3%

XLI stock traded down $0.53 during trading on Friday, hitting $164.71. The company had a trading volume of 9,884,560 shares, compared to its average volume of 13,333,332. The firm has a 50-day moving average price of $169.21 and a 200-day moving average price of $158.88. Industrial Select Sector SPDR Fund has a 12 month low of $112.75 and a 12 month high of $179.30. The stock has a market cap of $27.86 billion, a price-to-earnings ratio of 24.30 and a beta of 1.07.

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.