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

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 76,035 put options on the stock. This represents an increase of approximately 107% compared to the typical volume of 36,681 put options.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted 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. JPMorgan Chase & Co. lifted its position in shares of Industrial Select Sector SPDR Fund by 3.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,458,001 shares of the exchange traded fund’s stock worth $1,612,938,000 after purchasing an additional 354,496 shares during the last quarter. Morgan Stanley lifted its position in shares of Industrial Select Sector SPDR Fund by 9.2% during the 4th quarter. Morgan Stanley now owns 9,884,699 shares of the exchange traded fund’s stock worth $1,533,315,000 after purchasing an additional 835,625 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Industrial Select Sector SPDR Fund by 31.6% during the 4th quarter. Wells Fargo & Company MN now owns 6,607,181 shares of the exchange traded fund’s stock worth $1,024,906,000 after purchasing an additional 1,585,209 shares during the last quarter. Finally, LPL Financial LLC lifted its position in shares of 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 purchasing an additional 114,153 shares during the last quarter.

Industrial Select Sector SPDR Fund Stock Up 1.1%

XLI stock traded up $2.03 during midday trading on Tuesday, hitting $180.71. The company’s stock had a trading volume of 4,437,127 shares, compared to its average volume of 11,336,692. Industrial Select Sector SPDR Fund has a 52-week low of $141.28 and a 52-week high of $181.10. The firm has a market capitalization of $31.29 billion, a P/E ratio of 24.30 and a beta of 0.99. The firm has a 50-day simple moving average of $172.48 and a 200-day simple moving average of $167.07.

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.