Traders Buy Large Volume of Call Options on Materials Select Sector SPDR Fund (NYSEARCA:XLB)

Materials Select Sector SPDR Fund (NYSEARCA:XLB) saw some unusual options trading on Thursday. Traders purchased 232,668 call options on the stock. This is an increase of approximately 399% compared to the typical volume of 46,594 call options.

Materials Select Sector SPDR Fund Stock Performance

NYSEARCA:XLB opened at $51.67 on Friday. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 24.55 and a beta of 0.93. Materials Select Sector SPDR Fund has a 52-week low of $42.03 and a 52-week high of $54.14. The stock has a fifty day moving average of $50.64 and a 200 day moving average of $48.40.

Institutional Investors Weigh In On Materials Select Sector SPDR Fund

Several large investors have recently added to or reduced their stakes in XLB. Turning Point Benefit Group Inc. bought a new stake in Materials Select Sector SPDR Fund during the fourth quarter valued at $25,000. Main Street Group LTD bought a new stake in Materials Select Sector SPDR Fund during the first quarter valued at $25,000. TD Waterhouse Canada Inc. boosted its stake in Materials Select Sector SPDR Fund by 100.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 578 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 289 shares during the period. Thompson Investment Management Inc. boosted its stake in Materials Select Sector SPDR Fund by 100.0% during the fourth quarter. Thompson Investment Management Inc. now owns 600 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 300 shares during the period. Finally, Register Financial Advisors LLC boosted its stake in Materials Select Sector SPDR Fund by 58.9% during the fourth quarter. Register Financial Advisors LLC now owns 588 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 218 shares during the period. Institutional investors own 75.78% of the company’s stock.

Materials Select Sector SPDR Fund Company 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. The Fund’s investment advisor is SSgA Funds Management, Inc