Materials Select Sector SPDR ETF (XLB) Stake Lowered by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC lessened its holdings in shares of Materials Select Sector SPDR ETF (NYSEARCA:XLB) by 35.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,738 shares of the exchange traded fund’s stock after selling 33,012 shares during the period. Materials Select Sector SPDR ETF accounts for approximately 1.2% of Jaffetilchin Investment Partners LLC’s investment portfolio, making the stock its 22nd biggest position. Jaffetilchin Investment Partners LLC owned about 0.07% of Materials Select Sector SPDR ETF worth $3,616,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sei Investments Co. lifted its holdings in shares of Materials Select Sector SPDR ETF by 181.6% in the 2nd quarter. Sei Investments Co. now owns 2,320 shares of the exchange traded fund’s stock worth $125,000 after acquiring an additional 1,496 shares during the last quarter. Aviance Capital Management LLC acquired a new position in shares of Materials Select Sector SPDR ETF in the 2nd quarter worth approximately $149,000. Valeo Financial Advisors LLC acquired a new position in shares of Materials Select Sector SPDR ETF in the 3rd quarter worth approximately $181,000. USA Financial Portformulas Corp acquired a new position in shares of Materials Select Sector SPDR ETF in the 2nd quarter worth approximately $203,000. Finally, Chemical Bank acquired a new position in shares of Materials Select Sector SPDR ETF in the 2nd quarter worth approximately $204,000.

Shares of Materials Select Sector SPDR ETF (NYSEARCA XLB) traded down $0.74 during mid-day trading on Wednesday, hitting $62.65. 8,512,899 shares of the stock traded hands, compared to its average volume of 5,512,110. Materials Select Sector SPDR ETF has a 52-week low of $50.45 and a 52-week high of $63.66. The firm has a market cap of $5,430.00 and a price-to-earnings ratio of -8.41.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Monday, December 18th were issued a $0.2879 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.15 annualized dividend and a dividend yield of 1.84%. Materials Select Sector SPDR ETF’s dividend payout ratio is currently -13.56%.

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Materials Select Sector SPDR ETF 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.

Institutional Ownership by Quarter for Materials Select Sector SPDR ETF (NYSEARCA:XLB)

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