Stock Traders Purchase Large Volume of Technology Select Sector SPDR Fund Put Options (NYSEARCA:XLK)

Technology Select Sector SPDR Fund (NYSEARCA:XLK) was the recipient of some unusual options trading on Thursday. Traders purchased 28,672 put options on the stock. This is an increase of 86% compared to the typical daily volume of 15,452 put options.

Hedge Funds Weigh In On Technology Select Sector SPDR Fund

A number of institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in shares of Technology Select Sector SPDR Fund by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,477 shares of the exchange traded fund’s stock valued at $2,204,000 after buying an additional 1,684 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Technology Select Sector SPDR Fund during the fourth quarter valued at approximately $204,000. Bison Wealth LLC boosted its position in shares of Technology Select Sector SPDR Fund by 9.0% in the fourth quarter. Bison Wealth LLC now owns 4,673 shares of the exchange traded fund’s stock worth $1,087,000 after purchasing an additional 385 shares during the period. Signaturefd LLC boosted its position in shares of Technology Select Sector SPDR Fund by 21.8% in the first quarter. Signaturefd LLC now owns 7,223 shares of the exchange traded fund’s stock worth $1,491,000 after purchasing an additional 1,292 shares during the period. Finally, Apollon Wealth Management LLC increased its stake in shares of Technology Select Sector SPDR Fund by 0.8% in the first quarter. Apollon Wealth Management LLC now owns 16,594 shares of the exchange traded fund’s stock worth $3,426,000 after purchasing an additional 135 shares in the last quarter.

Technology Select Sector SPDR Fund Trading Down 2.2%

Technology Select Sector SPDR Fund stock traded down $6.46 during mid-day trading on Thursday, hitting $287.46. The company had a trading volume of 4,945,208 shares, compared to its average volume of 6,703,383. Technology Select Sector SPDR Fund has a 12 month low of $172.45 and a 12 month high of $305.99. The company has a market capitalization of $92.85 billion, a PE ratio of 35.59 and a beta of 1.21. The stock’s 50 day moving average price is $284.21 and its two-hundred day moving average price is $259.95.

About Technology Select Sector SPDR Fund

Sector SPDR Trust SBI Interest, formerly Technology Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Technology Select Sector of the S&P 500 Index (the Index). The Index includes companies primarily involved in industries, such as information technology (IT) consulting, semiconductor equipment and products, computers and peripherals, diversified telecommunication services and wireless telecommunication services.It utilizes a passive or indexing investment approach to invest in a portfolio of stocks that seek to replicate the Index.