Industrial Select Sector SPDR Fund Sees Unusually High Options Volume (NYSEARCA:XLI)

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the target of some unusual options trading activity on Monday. Stock traders bought 550,229 put options on the stock. This is an increase of 406% compared to the average daily volume of 108,642 put options.

Industrial Select Sector SPDR Fund Price Performance

Shares of XLI stock opened at $117.94 on Monday. 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. The business has a fifty day moving average of $134.40 and a 200 day moving average of $136.13.

Industrial Select Sector SPDR Fund Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Menora Mivtachim Holdings LTD. grew its holdings 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 valued at $260,068,000 after purchasing an additional 1,957,204 shares during the period. Phoenix Financial Ltd. lifted its holdings in Industrial Select Sector SPDR Fund by 1,383.4% during the fourth quarter. Phoenix Financial Ltd. now owns 1,723,153 shares of the exchange traded fund’s stock valued at $227,042,000 after purchasing an additional 1,606,989 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Industrial Select Sector SPDR Fund by 61.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245,130 shares of the exchange traded fund’s stock valued at $427,580,000 after purchasing an additional 1,236,430 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Industrial Select Sector SPDR Fund in the fourth quarter valued at about $117,793,000. Finally, Strategic Financial Concepts LLC increased its stake in shares of Industrial Select Sector SPDR Fund by 14,726.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 638,718 shares of the exchange traded fund’s stock worth $815,000 after purchasing an additional 634,410 shares in the last quarter.

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.