Materials Select Sector SPDR Fund Sees Unusually High Options Volume (NYSEARCA:XLB)

Materials Select Sector SPDR Fund (NYSEARCA:XLB) saw some unusual options trading activity on Wednesday. Traders purchased 200,591 put options on the company. This represents an increase of approximately 334% compared to the typical daily volume of 46,178 put options.

Materials Select Sector SPDR Fund Trading Down 0.1%

NYSEARCA XLB opened at $50.41 on Friday. The stock has a market cap of $6.26 billion, a P/E ratio of 24.55 and a beta of 1.03. The company’s fifty day simple moving average is $50.81 and its 200-day simple moving average is $46.99. Materials Select Sector SPDR Fund has a 52 week low of $36.56 and a 52 week high of $54.14.

Hedge Funds Weigh In On Materials Select Sector SPDR Fund

A number of institutional investors have recently added to or reduced their stakes in XLB. Silicon Valley Capital Partners purchased a new stake in shares of Materials Select Sector SPDR Fund during the second quarter worth about $25,000. Turning Point Benefit Group Inc. purchased a new position in Materials Select Sector SPDR Fund in the fourth quarter valued at about $25,000. TD Waterhouse Canada Inc. grew its stake in Materials Select Sector SPDR Fund by 100.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 578 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 289 shares in the last quarter. Thompson Investment Management Inc. grew its stake in Materials Select Sector SPDR Fund by 100.0% during the 4th quarter. Thompson Investment Management Inc. now owns 600 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 300 shares in the last quarter. Finally, Register Financial Advisors LLC increased its holdings in Materials Select Sector SPDR Fund by 58.9% during the 4th quarter. Register Financial Advisors LLC now owns 588 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 218 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