Traders Purchase Large Volume of Industrial Select Sector SPDR Fund Put Options (NYSEARCA:XLI)

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) saw unusually large options trading on Monday. Stock investors acquired 550,229 put options on the stock. This is an increase of 406% compared to the typical daily volume of 108,642 put options.

Institutional Investors Weigh In On Industrial Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently made changes to their positions in XLI. Stratos Wealth Partners LTD. grew its holdings in Industrial Select Sector SPDR Fund by 0.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 23,487 shares of the exchange traded fund’s stock valued at $3,095,000 after purchasing an additional 76 shares during the period. McIlrath & Eck LLC grew its stake in shares of Industrial Select Sector SPDR Fund by 40.0% during the 4th quarter. McIlrath & Eck LLC now owns 266 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 76 shares during the period. Destiny Wealth Partners LLC increased its holdings in Industrial Select Sector SPDR Fund by 2.9% in the 4th quarter. Destiny Wealth Partners LLC now owns 2,735 shares of the exchange traded fund’s stock worth $360,000 after acquiring an additional 77 shares in the last quarter. Jacobi Capital Management LLC raised its stake in Industrial Select Sector SPDR Fund by 0.5% during the 4th quarter. Jacobi Capital Management LLC now owns 15,286 shares of the exchange traded fund’s stock worth $2,014,000 after acquiring an additional 77 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its holdings in Industrial Select Sector SPDR Fund by 3.1% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,633 shares of the exchange traded fund’s stock valued at $347,000 after purchasing an additional 79 shares in the last quarter.

Industrial Select Sector SPDR Fund Price Performance

XLI opened at $117.39 on Tuesday. The firm has a market cap of $16.93 billion, a PE ratio of 23.91 and a beta of 1.03. The stock has a 50-day moving average price of $133.97 and a 200-day moving average price of $136.01. Industrial Select Sector SPDR Fund has a 1 year low of $112.75 and a 1 year high of $144.51.

Industrial Select Sector SPDR Fund Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were issued a dividend of $0.4047 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.