Materials Select Sector SPDR Fund (NYSEARCA:XLB – Get Free Report)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $46.59 and last traded at $46.4180, with a volume of 3772350 shares changing hands. The stock had previously closed at $46.12.
Materials Select Sector SPDR Fund Stock Performance
The firm has a 50-day moving average of $44.21 and a 200-day moving average of $44.68. The firm has a market capitalization of $5.52 billion, a P/E ratio of 24.55 and a beta of 1.03.
Institutional Investors Weigh In On Materials Select Sector SPDR Fund
Several institutional investors have recently modified their holdings of the business. Silicon Valley Capital Partners purchased a new stake in shares of Materials Select Sector SPDR Fund during the second quarter valued at approximately $25,000. First Command Advisory Services Inc. increased its stake in shares of Materials Select Sector SPDR Fund by 488.2% in the second quarter. First Command Advisory Services Inc. now owns 300 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 249 shares during the period. Blue Trust Inc. raised its holdings in Materials Select Sector SPDR Fund by 514.5% during the 2nd quarter. Blue Trust Inc. now owns 338 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 283 shares during the last quarter. FAS Wealth Partners Inc. purchased a new stake in Materials Select Sector SPDR Fund during the 2nd quarter valued at $33,000. Finally, Berkshire Money Management Inc. purchased a new stake in Materials Select Sector SPDR Fund during the 2nd quarter valued at $35,000. 75.78% of the stock is owned by hedge funds and other institutional investors.
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
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