Materials Select Sector SPDR (NYSEARCA:XLB) Stake Maintained by Manchester Capital Management LLC

Manchester Capital Management LLC continued to hold its position in shares of Materials Select Sector SPDR (NYSEARCA:XLB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,990 shares of the exchange traded fund’s stock at the close of the 2nd quarter. Manchester Capital Management LLC’s holdings in Materials Select Sector SPDR were worth $107,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of XLB. Bray Capital Advisors boosted its holdings in shares of Materials Select Sector SPDR by 2.3% in the second quarter. Bray Capital Advisors now owns 30,341 shares of the exchange traded fund’s stock valued at $1,633,000 after acquiring an additional 690 shares during the period. MCF Advisors LLC lifted its holdings in shares of Materials Select Sector SPDR by 0.5% during the second quarter. MCF Advisors LLC now owns 3,360 shares of the exchange traded fund’s stock worth $181,000 after purchasing an additional 16 shares during the period. Mechanics Bank Trust Department lifted its holdings in shares of Materials Select Sector SPDR by 5.3% during the second quarter. Mechanics Bank Trust Department now owns 21,868 shares of the exchange traded fund’s stock worth $1,177,000 after purchasing an additional 1,101 shares during the period. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Materials Select Sector SPDR by 2.6% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 3,980 shares of the exchange traded fund’s stock worth $214,000 after purchasing an additional 100 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Materials Select Sector SPDR by 11.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 48,395 shares of the exchange traded fund’s stock worth $2,604,000 after purchasing an additional 4,931 shares during the period.

Shares of Materials Select Sector SPDR (XLB) opened at 56.55 on Friday. The company’s 50 day moving average price is $54.77 and its 200 day moving average price is $53.66. Materials Select Sector SPDR has a one year low of $45.56 and a one year high of $56.73.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 18th will be issued a dividend of $0.3019 per share. The ex-dividend date of this dividend is Friday, September 15th. This is a positive change from Materials Select Sector SPDR’s previous quarterly dividend of $0.25. This represents a $1.21 annualized dividend and a yield of 2.14%.

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Materials Select Sector SPDR 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 (NYSEARCA:XLB)

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