Materials Select Sector SPDR Fund (NYSEARCA:XLB) Share Price Crosses Below 200 Day Moving Average of $90.32

Materials Select Sector SPDR Fund (NYSEARCA:XLB)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $90.32 and traded as low as $90.07. Materials Select Sector SPDR Fund shares last traded at $90.80, with a volume of 3,135,802 shares trading hands.

Materials Select Sector SPDR Fund Price Performance

The stock has a 50 day moving average price of $90.49 and a 200-day moving average price of $90.32. The stock has a market capitalization of $5.68 billion, a P/E ratio of 17.15 and a beta of 0.89.

Hedge Funds Weigh In On Materials Select Sector SPDR Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. GoalVest Advisory LLC bought a new position in shares of Materials Select Sector SPDR Fund during the first quarter valued at about $28,000. Woodmont Investment Counsel LLC bought a new position in Materials Select Sector SPDR Fund during the 1st quarter valued at approximately $32,000. Solstein Capital LLC purchased a new stake in Materials Select Sector SPDR Fund in the 2nd quarter worth approximately $40,000. Lynx Investment Advisory bought a new stake in shares of Materials Select Sector SPDR Fund in the 2nd quarter worth approximately $59,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of Materials Select Sector SPDR Fund during the second quarter valued at approximately $59,000.

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.