Ladenburg Thalmann Financial Services Inc. Has $5.34 Million Position in Materials Select Sector SPDR (XLB)

Ladenburg Thalmann Financial Services Inc. cut its position in shares of Materials Select Sector SPDR (NYSEARCA:XLB) by 3.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,856 shares of the exchange traded fund’s stock after selling 2,925 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned about 0.12% of Materials Select Sector SPDR worth $5,342,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in XLB. Daiwa Securities Group Inc. boosted its position in shares of Materials Select Sector SPDR by 24.3% in the first quarter. Daiwa Securities Group Inc. now owns 4,600 shares of the exchange traded fund’s stock worth $262,000 after buying an additional 900 shares during the period. Blair William & Co. IL boosted its position in shares of Materials Select Sector SPDR by 6.1% in the first quarter. Blair William & Co. IL now owns 16,597 shares of the exchange traded fund’s stock worth $945,000 after buying an additional 956 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Materials Select Sector SPDR by 1.3% in the first quarter. The Manufacturers Life Insurance Company now owns 76,391 shares of the exchange traded fund’s stock worth $4,350,000 after buying an additional 1,006 shares during the period. St. Johns Investment Management Company LLC boosted its position in shares of Materials Select Sector SPDR by 5.3% in the first quarter. St. Johns Investment Management Company LLC now owns 20,548 shares of the exchange traded fund’s stock worth $1,170,000 after buying an additional 1,033 shares during the period. Finally, Baker Avenue Asset Management LP boosted its position in shares of Materials Select Sector SPDR by 1.5% in the fourth quarter. Baker Avenue Asset Management LP now owns 71,156 shares of the exchange traded fund’s stock worth $4,307,000 after buying an additional 1,075 shares during the period.

Shares of Materials Select Sector SPDR traded down $1.04, hitting $57.48, on Monday, according to MarketBeat.com. The company had a trading volume of 500,338 shares, compared to its average volume of 6,623,619. Materials Select Sector SPDR has a 12-month low of $53.38 and a 12-month high of $64.17.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 20th. Investors of record on Monday, June 18th were issued a $0.2798 dividend. The ex-dividend date was Friday, June 15th. This represents a $1.12 dividend on an annualized basis and a yield of 1.95%. This is an increase from Materials Select Sector SPDR’s previous quarterly dividend of $0.23.

About Materials Select Sector SPDR

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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