Materials Select Sector SPDR (XLB) Position Trimmed by Chatham Capital Group Inc.

Chatham Capital Group Inc. trimmed its position in shares of Materials Select Sector SPDR (NYSEARCA:XLB) by 23.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,015 shares of the exchange traded fund’s stock after selling 1,200 shares during the period. Chatham Capital Group Inc.’s holdings in Materials Select Sector SPDR were worth $229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ledyard National Bank grew its holdings in Materials Select Sector SPDR by 7.3% during the 4th quarter. Ledyard National Bank now owns 12,805 shares of the exchange traded fund’s stock valued at $775,000 after purchasing an additional 868 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Materials Select Sector SPDR by 24.3% during the 1st quarter. Daiwa Securities Group Inc. now owns 4,600 shares of the exchange traded fund’s stock worth $262,000 after acquiring an additional 900 shares in the last quarter. St. Johns Investment Management Company LLC grew its holdings in Materials Select Sector SPDR by 5.3% during the 1st quarter. St. Johns Investment Management Company LLC now owns 20,548 shares of the exchange traded fund’s stock worth $1,170,000 after acquiring an additional 1,033 shares in the last quarter. Cranbrook Wealth Management LLC grew its holdings in Materials Select Sector SPDR by 1.8% during the 4th quarter. Cranbrook Wealth Management LLC now owns 61,562 shares of the exchange traded fund’s stock worth $3,726,000 after acquiring an additional 1,066 shares in the last quarter. Finally, Baker Avenue Asset Management LP grew its holdings in Materials Select Sector SPDR by 1.5% during the 4th quarter. Baker Avenue Asset Management LP now owns 71,156 shares of the exchange traded fund’s stock worth $4,307,000 after acquiring an additional 1,075 shares in the last quarter.

Shares of Materials Select Sector SPDR opened at $59.86 on Friday, MarketBeat Ratings reports. Materials Select Sector SPDR has a 1-year low of $52.08 and a 1-year high of $64.17.

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.

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

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