Materials Select Sector SPDR Fund (NYSEARCA:XLB) Share Price Passes Below 200 Day Moving Average – Here’s Why

Materials Select Sector SPDR Fund (NYSEARCA:XLB)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $91.19 and traded as low as $87.95. Materials Select Sector SPDR Fund shares last traded at $88.65, with a volume of 4,640,529 shares changing hands.

Materials Select Sector SPDR Fund Stock Up 0.8 %

The firm has a market capitalization of $5.54 billion, a PE ratio of 17.15 and a beta of 0.89. The stock has a 50-day moving average price of $87.20 and a 200 day moving average price of $91.19.

Institutional Trading of Materials Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently made changes to their positions in XLB. Barclays PLC raised its stake in Materials Select Sector SPDR Fund by 216.1% in the 4th quarter. Barclays PLC now owns 5,031,533 shares of the exchange traded fund’s stock valued at $423,353,000 after purchasing an additional 3,439,575 shares during the last quarter. Cibc World Market Inc. raised its stake in Materials Select Sector SPDR Fund by 143.5% in the 4th quarter. Cibc World Market Inc. now owns 2,436,753 shares of the exchange traded fund’s stock valued at $205,028,000 after purchasing an additional 1,435,916 shares during the last quarter. Menora Mivtachim Holdings LTD. acquired a new position in Materials Select Sector SPDR Fund in the 4th quarter valued at $152,551,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Materials Select Sector SPDR Fund by 61.7% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 970,000 shares of the exchange traded fund’s stock valued at $93,489,000 after purchasing an additional 370,000 shares during the last quarter. Finally, Commerce Bank raised its stake in Materials Select Sector SPDR Fund by 77.9% in the 4th quarter. Commerce Bank now owns 955,524 shares of the exchange traded fund’s stock valued at $80,398,000 after purchasing an additional 418,300 shares during the last quarter.

About Materials Select Sector SPDR Fund

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.