Materials Select Sector SPDR (NYSEARCA:XLB) Shares Bought by Advisory Services Network LLC

Advisory Services Network LLC raised its holdings in Materials Select Sector SPDR (NYSEARCA:XLB) by 128.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,373 shares of the exchange traded fund’s stock after buying an additional 5,273 shares during the period. Advisory Services Network LLC’s holdings in Materials Select Sector SPDR were worth $567,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of XLB. Brookstone Capital Management acquired a new position in shares of Materials Select Sector SPDR during the 3rd quarter worth about $9,297,000. Bank of New York Mellon Corp boosted its holdings in Materials Select Sector SPDR by 18.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 17,211 shares of the exchange traded fund’s stock valued at $978,000 after purchasing an additional 2,684 shares during the period. Rockland Trust Co. boosted its holdings in Materials Select Sector SPDR by 2,286.3% in the 4th quarter. Rockland Trust Co. now owns 252,330 shares of the exchange traded fund’s stock valued at $15,274,000 after purchasing an additional 241,756 shares during the period. Hefty Wealth Partners bought a new stake in Materials Select Sector SPDR in the 4th quarter valued at about $3,580,000. Finally, First Merchants Corp boosted its holdings in Materials Select Sector SPDR by 9.8% in the 4th quarter. First Merchants Corp now owns 37,940 shares of the exchange traded fund’s stock valued at $2,295,000 after purchasing an additional 3,398 shares during the period.

Materials Select Sector SPDR (XLB) traded down $0.75 during midday trading on Wednesday, reaching $60.17. 1,380,000 shares of the company’s stock were exchanged. Materials Select Sector SPDR has a 52-week low of $51.04 and a 52-week high of $64.17. The company has a market cap of $5,090.00 and a P/E ratio of -8.08.

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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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