Materials Select Sector SPDR Fund (NYSEARCA:XLB) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Materials Select Sector SPDR Fund (NYSEARCA:XLB)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $51.31 and traded as high as $51.40. Materials Select Sector SPDR Fund shares last traded at $50.66, with a volume of 12,708,211 shares traded.

Materials Select Sector SPDR Fund Price Performance

The company has a 50 day simple moving average of $51.26 and a 200-day simple moving average of $50.18. The firm has a market cap of $8.25 billion, a PE ratio of 24.55 and a beta of 0.92.

Institutional Investors Weigh In On Materials Select Sector SPDR Fund

A number of institutional investors have recently made changes to their positions in the business. Turning Point Benefit Group Inc. bought a new stake in Materials Select Sector SPDR Fund in the fourth quarter worth $25,000. Main Street Group LTD purchased a new position in shares of Materials Select Sector SPDR Fund in the first quarter worth about $25,000. TD Waterhouse Canada Inc. increased its holdings in shares of Materials Select Sector SPDR Fund by 100.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 578 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 289 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Materials Select Sector SPDR Fund in the 1st quarter valued at about $26,000. Finally, Thompson Investment Management Inc. lifted its position in Materials Select Sector SPDR Fund by 100.0% in the fourth quarter. Thompson Investment Management Inc. now owns 600 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other 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