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

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) saw unusually large options trading on Friday. Investors bought 156,079 put options on the stock. This represents an increase of 66% compared to the average daily volume of 93,902 put options.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC grew its position in shares of Industrial Select Sector SPDR Fund by 12.8% during the fourth quarter. LPL Financial LLC now owns 4,670,645 shares of the exchange traded fund’s stock worth $615,404,000 after buying an additional 531,686 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Industrial Select Sector SPDR Fund by 12.8% in the 4th quarter. Ameriprise Financial Inc. now owns 3,615,778 shares of the exchange traded fund’s stock worth $476,846,000 after purchasing an additional 411,110 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Industrial Select Sector SPDR Fund by 61.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245,130 shares of the exchange traded fund’s stock worth $427,580,000 after purchasing an additional 1,236,430 shares during the last quarter. CHURCHILL MANAGEMENT Corp lifted its position in shares of Industrial Select Sector SPDR Fund by 0.8% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 2,506,323 shares of the exchange traded fund’s stock worth $330,233,000 after purchasing an additional 19,856 shares during the last quarter. Finally, Menora Mivtachim Holdings LTD. grew its stake in Industrial Select Sector SPDR Fund by 11,790.4% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,973,804 shares of the exchange traded fund’s stock worth $260,068,000 after purchasing an additional 1,957,204 shares in the last quarter.

Industrial Select Sector SPDR Fund Price Performance

Shares of NYSEARCA XLI opened at $131.13 on Friday. Industrial Select Sector SPDR Fund has a 1-year low of $119.17 and a 1-year high of $144.51. The business has a 50-day moving average of $135.87 and a 200-day moving average of $135.84. The company has a market capitalization of $18.91 billion, a price-to-earnings ratio of 25.68 and a beta of 1.10.

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.