Materials Select Sector SPDR Fund Target of Unusually Large Options Trading (NYSEARCA:XLB)

Materials Select Sector SPDR Fund (NYSEARCA:XLB) was the target of some unusual options trading on Tuesday. Stock traders acquired 258,537 put options on the stock. This represents an increase of approximately 852% compared to the average volume of 27,159 put options.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Magnus Financial Group LLC grew its position in shares of Materials Select Sector SPDR Fund by 100.0% in the fourth quarter. Magnus Financial Group LLC now owns 5,176 shares of the exchange traded fund’s stock valued at $235,000 after purchasing an additional 2,588 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Materials Select Sector SPDR Fund by 97.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 7,326 shares of the exchange traded fund’s stock worth $332,000 after buying an additional 3,618 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in Materials Select Sector SPDR Fund by 201.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 774 shares of the exchange traded fund’s stock worth $35,000 after buying an additional 517 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in Materials Select Sector SPDR Fund by 60.3% during the fourth quarter. CWA Asset Management Group LLC now owns 8,792 shares of the exchange traded fund’s stock worth $399,000 after buying an additional 3,307 shares during the last quarter. Finally, Innova Wealth Partners grew its holdings in Materials Select Sector SPDR Fund by 83.0% in the 4th quarter. Innova Wealth Partners now owns 78,431 shares of the exchange traded fund’s stock valued at $3,557,000 after buying an additional 35,578 shares in the last quarter. 75.78% of the stock is owned by hedge funds and other institutional investors.

Materials Select Sector SPDR Fund Stock Performance

Shares of XLB stock opened at $46.68 on Thursday. Materials Select Sector SPDR Fund has a fifty-two week low of $36.56 and a fifty-two week high of $47.63. The stock’s fifty day moving average is $44.37 and its two-hundred day moving average is $44.75. The firm has a market capitalization of $5.53 billion, a P/E ratio of 24.55 and a beta of 1.03.

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