Traders Buy The Industrial Select Sector SPDR Fund (NYSE:XLI) on Weakness

Investors purchased shares of The Industrial Select Sector SPDR Fund (NYSE:XLI) on weakness during trading hours on Tuesday. $127.43 million flowed into the stock on the tick-up and $79.72 million flowed out of the stock on the tick-down, for a money net flow of $47.71 million into the stock. Of all stocks tracked, The Industrial Select Sector SPDR Fund had the 8th highest net in-flow for the day. The Industrial Select Sector SPDR Fund traded down ($0.20) for the day and closed at $68.11

The company has a 50 day moving average of $68.58 and a 200 day moving average of $66.71.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XLI. Stratos Wealth Partners LTD. raised its position in The Industrial Select Sector SPDR Fund by 22.0% in the second quarter. Stratos Wealth Partners LTD. now owns 105,612 shares of the exchange traded fund’s stock worth $7,193,000 after buying an additional 19,045 shares during the last quarter. Kanawha Capital Management LLC raised its position in The Industrial Select Sector SPDR Fund by 9.0% in the second quarter. Kanawha Capital Management LLC now owns 4,468 shares of the exchange traded fund’s stock worth $304,000 after buying an additional 370 shares during the last quarter. Ingalls & Snyder LLC raised its position in The Industrial Select Sector SPDR Fund by 90.1% in the second quarter. Ingalls & Snyder LLC now owns 9,557 shares of the exchange traded fund’s stock worth $651,000 after buying an additional 4,530 shares during the last quarter. Weatherly Asset Management L. P. raised its position in The Industrial Select Sector SPDR Fund by 15.7% in the second quarter. Weatherly Asset Management L. P. now owns 7,501 shares of the exchange traded fund’s stock worth $511,000 after buying an additional 1,020 shares during the last quarter. Finally, Exchange Capital Management Inc. raised its position in The Industrial Select Sector SPDR Fund by 0.7% in the second quarter. Exchange Capital Management Inc. now owns 44,112 shares of the exchange traded fund’s stock worth $3,004,000 after buying an additional 307 shares during the last quarter.

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The 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.

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