Materials Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLB)

Materials Select Sector SPDR Fund (NYSEARCA:XLB) saw some unusual options trading activity on Friday. Traders acquired 247,446 put options on the company. This represents an increase of 450% compared to the typical daily volume of 44,979 put options.

Materials Select Sector SPDR Fund Trading Down 1.0%

Shares of Materials Select Sector SPDR Fund stock opened at $49.19 on Friday. The firm has a market capitalization of $6.11 billion, a PE ratio of 24.55 and a beta of 1.03. The firm’s 50 day moving average is $50.62 and its 200 day moving average is $46.69. Materials Select Sector SPDR Fund has a 1 year low of $36.56 and a 1 year high of $54.14.

Institutional Trading of Materials Select Sector SPDR Fund

Hedge funds have recently added to or reduced their stakes in the stock. Silicon Valley Capital Partners acquired a new position in shares of Materials Select Sector SPDR Fund during the second quarter worth $25,000. Turning Point Benefit Group Inc. acquired a new stake in shares of Materials Select Sector SPDR Fund during the 4th quarter valued at $25,000. TD Waterhouse Canada Inc. boosted its holdings in shares of Materials Select Sector SPDR Fund by 100.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 578 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 289 shares in the last quarter. Thompson Investment Management Inc. grew its position in Materials Select Sector SPDR Fund by 100.0% during the 4th quarter. Thompson Investment Management Inc. now owns 600 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 300 shares during the last quarter. Finally, Register Financial Advisors LLC grew its position in Materials Select Sector SPDR Fund by 58.9% during the 4th quarter. Register Financial Advisors LLC now owns 588 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 218 shares during the last quarter. Institutional investors and hedge funds 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