Materials Select Sector SPDR Fund (NYSEARCA:XLB) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Materials Select Sector SPDR Fund (NYSEARCA:XLB) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $91.13 and traded as low as $86.47. Materials Select Sector SPDR Fund shares last traded at $88.04, with a volume of 8,684,337 shares traded.

Materials Select Sector SPDR Fund Stock Up 2.6 %

The firm has a market cap of $5.63 billion, a P/E ratio of 24.84 and a beta of 1.08. The firm’s 50-day simple moving average is $87.44 and its 200 day simple moving average is $91.13.

Institutional Trading of Materials Select Sector SPDR Fund

Hedge funds have recently added to or reduced their stakes in the stock. KCM Investment Advisors LLC increased its stake in shares of Materials Select Sector SPDR Fund by 2.0% in the third quarter. KCM Investment Advisors LLC now owns 102,143 shares of the exchange traded fund’s stock worth $9,845,000 after purchasing an additional 2,027 shares in the last quarter. Vectors Research Management LLC increased its stake in shares of Materials Select Sector SPDR Fund by 86.5% in the third quarter. Vectors Research Management LLC now owns 10,507 shares of the exchange traded fund’s stock worth $1,013,000 after purchasing an additional 4,873 shares in the last quarter. Pinnacle Financial Partners Inc increased its stake in shares of Materials Select Sector SPDR Fund by 8.8% in the third quarter. Pinnacle Financial Partners Inc now owns 6,699 shares of the exchange traded fund’s stock worth $646,000 after purchasing an additional 540 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in shares of Materials Select Sector SPDR Fund by 10.3% in the third quarter. Nations Financial Group Inc. IA ADV now owns 3,969 shares of the exchange traded fund’s stock worth $383,000 after purchasing an additional 369 shares in the last quarter. Finally, Tyler Stone Wealth Management increased its stake in shares of Materials Select Sector SPDR Fund by 101.1% in the third quarter. Tyler Stone Wealth Management now owns 2,763 shares of the exchange traded fund’s stock worth $266,000 after purchasing an additional 1,389 shares in 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.