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

Materials Select Sector SPDR Fund (NYSEARCA:XLB) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $91.31 and traded as low as $88.26. Materials Select Sector SPDR Fund shares last traded at $89.44, with a volume of 6,042,467 shares traded.

Materials Select Sector SPDR Fund Trading Down 0.7 %

The company has a market cap of $5.55 billion, a price-to-earnings ratio of 17.15 and a beta of 0.89. The stock’s fifty day simple moving average is $88.24 and its 200 day simple moving average is $91.30.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in XLB. Marquette Asset Management LLC purchased a new stake in shares of Materials Select Sector SPDR Fund during the third quarter worth approximately $31,000. Avion Wealth grew its holdings in Materials Select Sector SPDR Fund by 88.2% during the 4th quarter. Avion Wealth now owns 640 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 300 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Materials Select Sector SPDR Fund in the 4th quarter valued at $79,000. Angeles Wealth Management LLC purchased a new stake in shares of Materials Select Sector SPDR Fund during the 3rd quarter worth $106,000. Finally, Finley Financial LLC acquired a new position in shares of Materials Select Sector SPDR Fund during the fourth quarter worth $116,000.

Materials Select Sector SPDR Fund 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.