Materials Select Sector SPDR Fund (NYSEARCA:XLB) Sees Large Volume Increase

Materials Select Sector SPDR Fund (NYSEARCA:XLBGet Rating) shares saw strong trading volume on Wednesday . 1,156,447 shares traded hands during trading, a decline of 85% from the previous session’s volume of 7,754,853 shares.The stock last traded at $72.86 and had previously closed at $72.29.

Materials Select Sector SPDR Fund Stock Performance

The business has a 50 day moving average price of $76.46 and a 200-day moving average price of $80.68.

Hedge Funds Weigh In On Materials Select Sector SPDR Fund

A number of large investors have recently modified their holdings of XLB. B. Riley Wealth Management Inc. increased its position in Materials Select Sector SPDR Fund by 25.9% during the second quarter. B. Riley Wealth Management Inc. now owns 3,344 shares of the exchange traded fund’s stock worth $246,000 after buying an additional 687 shares in the last quarter. Verition Fund Management LLC boosted its holdings in Materials Select Sector SPDR Fund by 142.5% in the second quarter. Verition Fund Management LLC now owns 29,805 shares of the exchange traded fund’s stock valued at $2,194,000 after acquiring an additional 99,881 shares during the last quarter. Cape ANN Savings Bank lifted its stake in shares of Materials Select Sector SPDR Fund by 0.9% during the second quarter. Cape ANN Savings Bank now owns 18,371 shares of the exchange traded fund’s stock worth $1,352,000 after purchasing an additional 158 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Materials Select Sector SPDR Fund by 0.7% during the second quarter. Legal & General Group Plc now owns 308,396 shares of the exchange traded fund’s stock worth $22,698,000 after purchasing an additional 2,080 shares in the last quarter. Finally, ExodusPoint Capital Management LP lifted its stake in shares of Materials Select Sector SPDR Fund by 149.1% during the second quarter. ExodusPoint Capital Management LP now owns 78,660 shares of the exchange traded fund’s stock worth $5,789,000 after purchasing an additional 47,076 shares in the last quarter.

Materials Select Sector SPDR Fund Company Profile

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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.

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