Shares of Materials Select Sector SPDR Fund (NYSEARCA:XLB – Get Free Report) reached a new 52-week high on Monday . The company traded as high as $48.50 and last traded at $48.4410, with a volume of 3526228 shares traded. The stock had previously closed at $48.26.
Materials Select Sector SPDR Fund Trading Up 0.7%
The company has a market cap of $5.97 billion, a PE ratio of 24.55 and a beta of 1.03. The stock has a 50 day moving average price of $44.57 and a 200 day moving average price of $44.82.
Institutional Trading of Materials Select Sector SPDR Fund
A number of hedge funds have recently modified their holdings of the business. Silicon Valley Capital Partners bought a new position in shares of Materials Select Sector SPDR Fund in the 2nd quarter worth about $25,000. First Command Advisory Services Inc. grew its holdings in Materials Select Sector SPDR Fund by 488.2% in the second quarter. First Command Advisory Services Inc. now owns 300 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 249 shares during the period. Blue Trust Inc. grew its holdings in Materials Select Sector SPDR Fund by 514.5% in the second quarter. Blue Trust Inc. now owns 338 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 283 shares during the period. FAS Wealth Partners Inc. bought a new position in shares of Materials Select Sector SPDR Fund during the second quarter valued at approximately $33,000. Finally, Berkshire Money Management Inc. purchased a new position in shares of Materials Select Sector SPDR Fund during the second quarter valued at approximately $35,000. Institutional investors own 75.78% of the company’s stock.
About Materials Select Sector SPDR Fund
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. The Fund’s investment advisor is SSgA Funds Management, Inc
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