Materials Select Sector SPDR Fund (NYSEARCA:XLB – Get Free Report) saw some unusual options trading on Wednesday. Investors acquired 198,579 put options on the company. This represents an increase of 422% compared to the typical volume of 38,049 put options.
Hedge Funds Weigh In On Materials Select Sector SPDR Fund
A number of institutional investors have recently modified their holdings of XLB. Hilltop Holdings Inc. grew its stake in shares of Materials Select Sector SPDR Fund by 2.3% during the third quarter. Hilltop Holdings Inc. now owns 5,627 shares of the exchange traded fund’s stock valued at $504,000 after purchasing an additional 124 shares during the last quarter. Redwood Financial Network Corp raised its position in Materials Select Sector SPDR Fund by 2.5% in the 2nd quarter. Redwood Financial Network Corp now owns 5,167 shares of the exchange traded fund’s stock worth $454,000 after purchasing an additional 128 shares during the last quarter. Vista Investment Management lifted its holdings in Materials Select Sector SPDR Fund by 1.4% during the 2nd quarter. Vista Investment Management now owns 9,391 shares of the exchange traded fund’s stock worth $825,000 after buying an additional 133 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in Materials Select Sector SPDR Fund by 0.5% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 45,210 shares of the exchange traded fund’s stock worth $2,259,000 after buying an additional 206 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Materials Select Sector SPDR Fund by 46.6% during the 1st quarter. International Assets Investment Management LLC now owns 648 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 206 shares in the last quarter. 75.78% of the stock is owned by institutional investors.
Materials Select Sector SPDR Fund Stock Up 0.3%
Materials Select Sector SPDR Fund stock opened at $50.83 on Wednesday. The stock has a 50-day simple moving average of $51.29 and a 200 day simple moving average of $50.14. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 24.55 and a beta of 0.91. Materials Select Sector SPDR Fund has a 12-month low of $42.03 and a 12-month high of $54.14.
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
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