Technology Select Sector SPDR Fund (NYSEARCA:XLK) saw some unusual options trading on Monday. Investors acquired 40,765 put options on the stock. This represents an increase of 518% compared to the average volume of 6,598 put options.

A number of institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Technology Select Sector SPDR Fund by 16.6% in the second quarter. JPMorgan Chase & Co. now owns 3,766,640 shares of the exchange traded fund’s stock worth $206,111,000 after buying an additional 535,260 shares during the period. Rafferty Asset Management LLC boosted its position in Technology Select Sector SPDR Fund by 7.6% in the second quarter. Rafferty Asset Management LLC now owns 2,597,651 shares of the exchange traded fund’s stock worth $142,143,000 after buying an additional 183,910 shares during the period. Janney Montgomery Scott LLC boosted its position in Technology Select Sector SPDR Fund by 4.1% in the second quarter. Janney Montgomery Scott LLC now owns 2,211,178 shares of the exchange traded fund’s stock worth $120,996,000 after buying an additional 87,088 shares during the period. Northwestern Mutual Investment Management Company LLC bought a new position in Technology Select Sector SPDR Fund during the second quarter worth $84,314,000. Finally, PNC Financial Services Group Inc. boosted its position in Technology Select Sector SPDR Fund by 106.4% in the second quarter. PNC Financial Services Group Inc. now owns 1,665,302 shares of the exchange traded fund’s stock worth $91,124,000 after buying an additional 858,506 shares during the period.

Technology Select Sector SPDR Fund (NYSEARCA XLK) opened at 57.70 on Friday. The company has a 50-day moving average price of $57.25 and a 200 day moving average price of $54.93. Technology Select Sector SPDR Fund has a 1-year low of $45.80 and a 1-year high of $58.48.

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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.

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