Materials Select Sector SPDR Fund (NYSEARCA:XLB – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $50.41 and traded as low as $49.89. Materials Select Sector SPDR Fund shares last traded at $50.16, with a volume of 13,282,197 shares.
Materials Select Sector SPDR Fund Stock Performance
The company has a market cap of $8.02 billion, a price-to-earnings ratio of 24.55 and a beta of 0.92. The company has a fifty day moving average of $51.23 and a two-hundred day moving average of $50.41.
Hedge Funds Weigh In On Materials Select Sector SPDR Fund
Several large investors have recently bought and sold shares of XLB. Turning Point Benefit Group Inc. acquired a new position in shares of Materials Select Sector SPDR Fund in the fourth quarter valued at approximately $25,000. Main Street Group LTD acquired a new stake in Materials Select Sector SPDR Fund during the 1st quarter worth approximately $25,000. TD Waterhouse Canada Inc. boosted its position 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 worth $26,000 after buying an additional 289 shares during the period. 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 holdings 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. 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
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