Materials Select Sector SPDR (XLB) Shares Sold by Navellier & Associates Inc

Navellier & Associates Inc decreased its stake in Materials Select Sector SPDR (NYSEARCA:XLB) by 34.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,709 shares of the exchange traded fund’s stock after selling 22,240 shares during the period. Navellier & Associates Inc’s holdings in Materials Select Sector SPDR were worth $2,585,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Crewe Advisors LLC purchased a new stake in Materials Select Sector SPDR in the 4th quarter valued at $104,000. Trustcore Financial Services LLC purchased a new stake in Materials Select Sector SPDR in the 4th quarter valued at $123,000. Cerebellum GP LLC purchased a new stake in Materials Select Sector SPDR in the 4th quarter valued at $130,000. Valeo Financial Advisors LLC purchased a new stake in Materials Select Sector SPDR in the 3rd quarter valued at $181,000. Finally, Ferguson Wellman Capital Management Inc. purchased a new stake in Materials Select Sector SPDR in the 4th quarter valued at $206,000.

Shares of Materials Select Sector SPDR (XLB) opened at $60.40 on Friday. Materials Select Sector SPDR has a 12-month low of $51.04 and a 12-month high of $64.17. The company has a market cap of $5,140.00 and a price-to-earnings ratio of -8.11.

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Materials Select Sector SPDR 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.

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Institutional Ownership by Quarter for Materials Select Sector SPDR (NYSEARCA:XLB)

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