Materials Select Sector SPDR Fund (NYSEARCA:XLB) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Materials Select Sector SPDR Fund (NYSEARCA:XLB) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $50.93 and traded as low as $50.21. Materials Select Sector SPDR Fund shares last traded at $50.43, with a volume of 18,328,933 shares changing hands.

Materials Select Sector SPDR Fund Price Performance

The firm’s 50-day moving average price is $51.15 and its 200 day moving average price is $50.93. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 24.55 and a beta of 0.92.

Institutional Investors Weigh In On Materials Select Sector SPDR Fund

Large investors have recently bought and sold shares of the stock. TCV Trust & Wealth Management Inc. lifted its stake in shares of Materials Select Sector SPDR Fund by 105.4% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 242,466 shares of the exchange traded fund’s stock valued at $10,996,000 after buying an additional 124,412 shares during the period. Bfsg LLC grew its stake in Materials Select Sector SPDR Fund by 82.4% in the 4th quarter. Bfsg LLC now owns 13,142 shares of the exchange traded fund’s stock worth $596,000 after acquiring an additional 5,937 shares during the period. Colony Family Offices LLC lifted its stake in shares of Materials Select Sector SPDR Fund by 100.0% during the 4th quarter. Colony Family Offices LLC now owns 9,502 shares of the exchange traded fund’s stock worth $431,000 after purchasing an additional 4,751 shares during the period. Granite Harbor Advisors Inc. lifted its stake in shares of Materials Select Sector SPDR Fund by 107.9% during the 4th quarter. Granite Harbor Advisors Inc. now owns 25,969 shares of the exchange traded fund’s stock worth $1,178,000 after purchasing an additional 13,476 shares during the period. Finally, Personal CFO Solutions LLC boosted its holdings in shares of Materials Select Sector SPDR Fund by 95.1% during the fourth quarter. Personal CFO Solutions LLC now owns 14,795 shares of the exchange traded fund’s stock worth $671,000 after purchasing an additional 7,213 shares during the last quarter. 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