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

Materials Select Sector SPDR Fund (NYSEARCA:XLB) was the target of unusually large options trading activity on Thursday. Investors purchased 202,729 put options on the stock. This represents an increase of approximately 508% compared to the typical daily volume of 33,317 put options.

Materials Select Sector SPDR Fund Trading Down 0.7%

Shares of XLB stock opened at $50.53 on Friday. Materials Select Sector SPDR Fund has a 1 year low of $42.03 and a 1 year high of $54.14. The firm’s fifty day simple moving average is $51.10 and its 200 day simple moving average is $50.61. The firm has a market capitalization of $8.35 billion, a P/E ratio of 24.55 and a beta of 0.92.

Institutional Trading of Materials Select Sector SPDR Fund

Hedge funds have recently modified their holdings of the company. Turning Point Benefit Group Inc. bought a new position in shares of Materials Select Sector SPDR Fund during the 4th quarter worth approximately $25,000. Main Street Group LTD acquired a new position in shares of Materials Select Sector SPDR Fund in the 1st quarter worth approximately $25,000. TD Waterhouse Canada Inc. boosted its holdings in shares of 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 in the last quarter. Ashton Thomas Securities LLC bought a new stake in Materials Select Sector SPDR Fund during the 1st quarter worth approximately $26,000. Finally, Thompson Investment Management Inc. grew its position 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 worth $27,000 after acquiring an additional 300 shares during the last quarter. Institutional investors 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