Materials Select Sector SPDR Fund (NYSEARCA:XLB – Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $46.77 and traded as low as $46.73. Materials Select Sector SPDR Fund shares last traded at $46.98, with a volume of 19,733,463 shares.
Materials Select Sector SPDR Fund Trading Down 1.6%
The firm has a market cap of $5.84 billion, a P/E ratio of 24.55 and a beta of 1.03. The business’s fifty day simple moving average is $50.73 and its 200-day simple moving average is $46.77.
Institutional Trading of Materials Select Sector SPDR Fund
Several large investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. raised its position in Materials Select Sector SPDR Fund by 111.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 184,313 shares of the exchange traded fund’s stock valued at $8,359,000 after purchasing an additional 97,106 shares during the last quarter. Bank of New Hampshire lifted its holdings in Materials Select Sector SPDR Fund by 76.5% in the 4th quarter. Bank of New Hampshire now owns 11,008 shares of the exchange traded fund’s stock worth $499,000 after buying an additional 4,772 shares during the period. PeakShares LLC bought a new stake in shares of Materials Select Sector SPDR Fund in the 4th quarter worth approximately $917,000. Audent Global Asset Management LLC bought a new stake in shares of Materials Select Sector SPDR Fund in the 4th quarter worth approximately $1,868,000. Finally, Corient Private Wealth LLC increased its stake in shares of Materials Select Sector SPDR Fund by 496.3% during the fourth quarter. Corient Private Wealth LLC now owns 261,887 shares of the exchange traded fund’s stock valued at $11,878,000 after buying an additional 217,969 shares during the period. 75.78% of the stock is 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
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