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

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the recipient of some unusual options trading activity on Monday. Investors acquired 550,229 put options on the stock. This is an increase of approximately 406% compared to the typical daily volume of 108,642 put options.

Industrial Select Sector SPDR Fund Price Performance

NYSEARCA:XLI opened at $117.94 on Monday. The company’s 50-day moving average is $134.40 and its two-hundred day moving average is $136.13. Industrial Select Sector SPDR Fund has a 1-year low of $112.47 and a 1-year high of $144.51. The firm has a market capitalization of $17.00 billion, a price-to-earnings ratio of 23.91 and a beta of 1.03.

Industrial Select Sector SPDR Fund Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were given a $0.4047 dividend. The ex-dividend date was Monday, March 24th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. boosted its position in shares of Industrial Select Sector SPDR Fund by 37.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 451 shares of the exchange traded fund’s stock worth $61,000 after acquiring an additional 123 shares in the last quarter. TD Private Client Wealth LLC increased its stake in Industrial Select Sector SPDR Fund by 8.4% in the third quarter. TD Private Client Wealth LLC now owns 3,288 shares of the exchange traded fund’s stock valued at $445,000 after purchasing an additional 256 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in Industrial Select Sector SPDR Fund in the third quarter valued at approximately $346,000. Sanctuary Advisors LLC raised its holdings in Industrial Select Sector SPDR Fund by 6.5% during the third quarter. Sanctuary Advisors LLC now owns 146,491 shares of the exchange traded fund’s stock worth $20,897,000 after purchasing an additional 8,960 shares in the last quarter. Finally, M&T Bank Corp lifted its position in shares of Industrial Select Sector SPDR Fund by 31.8% during the 3rd quarter. M&T Bank Corp now owns 44,885 shares of the exchange traded fund’s stock worth $6,079,000 after buying an additional 10,821 shares during the last quarter.

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.