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

Materials Select Sector SPDR Fund (NYSEARCA:XLBGet Rating) saw strong trading volume on Friday . 1,182,151 shares changed hands during trading, a decline of 87% from the previous session’s volume of 9,089,575 shares.The stock last traded at $74.61 and had previously closed at $75.05.

The company’s 50-day simple moving average is $84.98 and its 200-day simple moving average is $85.72.

Large investors have recently modified their holdings of the company. Prudential PLC lifted its stake in shares of Materials Select Sector SPDR Fund by 3.5% in the fourth quarter. Prudential PLC now owns 5,924,140 shares of the exchange traded fund’s stock valued at $536,786,000 after purchasing an additional 201,672 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Materials Select Sector SPDR Fund in the first quarter valued at about $160,874,000. Bessemer Group Inc. lifted its stake in shares of Materials Select Sector SPDR Fund by 0.9% in the fourth quarter. Bessemer Group Inc. now owns 1,385,944 shares of the exchange traded fund’s stock valued at $125,580,000 after purchasing an additional 11,953 shares during the period. CHURCHILL MANAGEMENT Corp lifted its stake in shares of Materials Select Sector SPDR Fund by 2.5% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,212,052 shares of the exchange traded fund’s stock valued at $109,824,000 after purchasing an additional 29,692 shares during the period. Finally, State Street Corp lifted its stake in shares of Materials Select Sector SPDR Fund by 30.9% in the first quarter. State Street Corp now owns 877,758 shares of the exchange traded fund’s stock valued at $77,374,000 after purchasing an additional 207,374 shares during the period.

Materials Select Sector SPDR Fund Company Profile (NYSEARCA:XLB)

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.

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