Materials Select Sector SPDR Fund (NYSEARCA:XLB) Shares Cross Below Two Hundred Day Moving Average of $78.07

Materials Select Sector SPDR Fund (NYSEARCA:XLB – Get Rating)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $78.07 and traded as low as $76.80. Materials Select Sector SPDR Fund shares last traded at $77.38, with a volume of 20,350,595 shares changing hands.

Materials Select Sector SPDR Fund Stock Down 1.0 %

The firm has a fifty day moving average of $82.02 and a 200-day moving average of $78.07. The firm has a market cap of $5.75 billion, a P/E ratio of 11.79 and a beta of 1.06.

Hedge Funds Weigh In On Materials Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its holdings in Materials Select Sector SPDR Fund by 8.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,643 shares of the exchange traded fund’s stock worth $128,000 after buying an additional 124 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Materials Select Sector SPDR Fund by 4.2% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,094 shares of the exchange traded fund’s stock worth $240,000 after purchasing an additional 125 shares during the period. Strategic Blueprint LLC raised its position in shares of Materials Select Sector SPDR Fund by 1.9% during the second quarter. Strategic Blueprint LLC now owns 6,913 shares of the exchange traded fund’s stock worth $509,000 after purchasing an additional 128 shares during the period. Essex LLC raised its position in shares of Materials Select Sector SPDR Fund by 1.5% during the fourth quarter. Essex LLC now owns 8,871 shares of the exchange traded fund’s stock worth $689,000 after purchasing an additional 132 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its position in Materials Select Sector SPDR Fund by 5.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,689 shares of the exchange traded fund’s stock valued at $183,000 after buying an additional 136 shares during the last quarter.

About Materials Select Sector SPDR Fund

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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.