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

Materials Select Sector SPDR Fund (NYSEARCA:XLB) was the recipient of unusually large options trading activity on Tuesday. Traders purchased 188,449 put options on the stock. This represents an increase of approximately 376% compared to the average volume of 39,561 put options.

Materials Select Sector SPDR Fund Stock Performance

Materials Select Sector SPDR Fund stock opened at $52.02 on Thursday. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of 24.55 and a beta of 0.91. Materials Select Sector SPDR Fund has a 1 year low of $42.03 and a 1 year high of $54.14. The firm’s 50 day moving average price is $51.34 and its two-hundred day moving average price is $49.68.

Institutional Investors Weigh In On Materials Select Sector SPDR Fund

A number of institutional investors have recently modified their holdings of XLB. Turning Point Benefit Group Inc. acquired a new stake in shares of Materials Select Sector SPDR Fund during the 4th quarter valued at $25,000. Main Street Group LTD bought a new position in Materials Select Sector SPDR Fund in the 1st quarter worth $25,000. TD Waterhouse Canada Inc. raised its holdings in Materials Select Sector SPDR Fund by 100.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 578 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 289 shares during the period. Ashton Thomas Securities LLC bought a new position in Materials Select Sector SPDR Fund in the 1st quarter worth $26,000. Finally, Thompson Investment Management Inc. increased its holdings in shares of 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 worth $27,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 75.78% of the company’s stock.

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