Materials Select Sector SPDR Fund (NYSEARCA:XLB – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $50.41 and traded as low as $49.89. Materials Select Sector SPDR Fund shares last traded at $50.16, with a volume of 13,282,197 shares trading hands.
Materials Select Sector SPDR Fund Stock Performance
The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 24.55 and a beta of 0.92. The business’s 50 day moving average is $51.21 and its 200 day moving average is $50.44.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Hilltop Holdings Inc. lifted its stake in Materials Select Sector SPDR Fund by 2.3% in the 3rd quarter. Hilltop Holdings Inc. now owns 5,627 shares of the exchange traded fund’s stock worth $504,000 after acquiring an additional 124 shares in the last quarter. Redwood Financial Network Corp grew its stake in Materials Select Sector SPDR Fund by 2.5% during the 2nd quarter. Redwood Financial Network Corp now owns 5,167 shares of the exchange traded fund’s stock valued at $454,000 after acquiring an additional 128 shares in the last quarter. Vista Investment Management increased its holdings in shares of Materials Select Sector SPDR Fund by 1.4% in the 2nd quarter. Vista Investment Management now owns 9,391 shares of the exchange traded fund’s stock valued at $825,000 after purchasing an additional 133 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in shares of Materials Select Sector SPDR Fund by 0.5% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 45,210 shares of the exchange traded fund’s stock valued at $2,259,000 after purchasing an additional 206 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Materials Select Sector SPDR Fund by 46.6% in the first quarter. International Assets Investment Management LLC now owns 648 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 75.78% of the company’s stock.
Materials Select Sector SPDR Fund Company Profile
Materials Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Materials Select Sector Index (the Index). The Index includes companies involved in such industries as chemicals; metals and mining; paper and forest products; containers and packaging, and construction materials. The Fund’s investment advisor is SSgA Funds Management, Inc
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