Materials Select Sector SPDR Fund (NYSEARCA:XLB) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Materials Select Sector SPDR Fund (NYSEARCA:XLB) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $45.29 and traded as high as $48.72. Materials Select Sector SPDR Fund shares last traded at $48.68, with a volume of 10,769,119 shares changing hands.

Materials Select Sector SPDR Fund Trading Down 0.6%

The stock has a market capitalization of $5.94 billion, a P/E ratio of 24.55 and a beta of 1.03. The company has a 50-day moving average price of $45.29 and a two-hundred day moving average price of $44.99.

Hedge Funds Weigh In On Materials Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Silicon Valley Capital Partners acquired a new stake in shares of Materials Select Sector SPDR Fund during the 2nd quarter worth approximately $25,000. First Command Advisory Services Inc. boosted its stake in Materials Select Sector SPDR Fund by 488.2% during the second quarter. First Command Advisory Services Inc. now owns 300 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 249 shares in the last quarter. Thompson Investment Management Inc. grew its holdings in Materials Select Sector SPDR Fund by 100.0% in the fourth quarter. Thompson Investment Management Inc. now owns 600 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 300 shares during the period. Blue Trust Inc. increased its stake in Materials Select Sector SPDR Fund by 514.5% in the second quarter. Blue Trust Inc. now owns 338 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 283 shares in the last quarter. Finally, Trust Co. of Vermont increased its stake in Materials Select Sector SPDR Fund by 100.0% in the fourth quarter. Trust Co. of Vermont now owns 684 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 342 shares in the last quarter. 75.78% of the stock is currently owned by institutional investors.

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