Materials Select Sector SPDR Fund (NYSEARCA:XLB – Get Free Report) saw some unusual options trading on Tuesday. Traders purchased 199,327 put options on the company. This is an increase of approximately 675% compared to the average volume of 25,705 put options.
Materials Select Sector SPDR Fund Price Performance
Shares of Materials Select Sector SPDR Fund stock traded down $0.46 on Tuesday, reaching $51.78. 7,774,292 shares of the company were exchanged, compared to its average volume of 13,952,446. Materials Select Sector SPDR Fund has a 1-year low of $42.03 and a 1-year high of $54.14. The company has a market cap of $8.49 billion, a P/E ratio of 24.55 and a beta of 0.92. The stock’s 50 day moving average price is $51.46 and its 200-day moving average price is $51.20.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in XLB. Turning Point Benefit Group Inc. acquired a new stake in shares of Materials Select Sector SPDR Fund in the 4th quarter valued at $25,000. Main Street Group LTD acquired a new position in shares of Materials Select Sector SPDR Fund during the first quarter worth $25,000. TD Waterhouse Canada Inc. increased its holdings in Materials Select Sector SPDR Fund by 100.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 578 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 289 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in Materials Select Sector SPDR Fund in the first quarter valued at $26,000. Finally, Oak Harbor Wealth Partners LLC increased its holdings in Materials Select Sector SPDR Fund by 100.0% in the fourth quarter. Oak Harbor Wealth Partners LLC now owns 600 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 75.78% of the company’s stock.
About Materials Select Sector SPDR Fund
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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