Materials Select Sector SPDR Fund (NYSEARCA:XLB) Hits New 12-Month High at $94.42

Shares of Materials Select Sector SPDR Fund (NYSEARCA:XLB) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $94.42 and last traded at $94.31, with a volume of 686413 shares changing hands. The stock had previously closed at $93.55.

Materials Select Sector SPDR Fund Price Performance

The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 17.15 and a beta of 0.89. The firm has a fifty day moving average of $90.84 and a 200 day moving average of $90.47.

Institutional Investors Weigh In On Materials Select Sector SPDR Fund

Hedge funds have recently modified their holdings of the company. Rovin Capital UT ADV lifted its stake in shares of Materials Select Sector SPDR Fund by 2.9% in the 2nd quarter. Rovin Capital UT ADV now owns 4,395 shares of the exchange traded fund’s stock valued at $388,000 after purchasing an additional 123 shares during the last quarter. Beacon Capital Management LLC lifted its position in Materials Select Sector SPDR Fund by 16.3% in the first quarter. Beacon Capital Management LLC now owns 892 shares of the exchange traded fund’s stock valued at $83,000 after buying an additional 125 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Materials Select Sector SPDR Fund by 0.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 28,377 shares of the exchange traded fund’s stock worth $2,506,000 after buying an additional 127 shares during the period. Aptus Capital Advisors LLC increased its position in shares of Materials Select Sector SPDR Fund by 4.7% during the second quarter. Aptus Capital Advisors LLC now owns 3,203 shares of the exchange traded fund’s stock valued at $283,000 after acquiring an additional 143 shares during the last quarter. Finally, Winthrop Capital Management LLC raised its stake in shares of Materials Select Sector SPDR Fund by 0.7% in the 1st quarter. Winthrop Capital Management LLC now owns 20,854 shares of the exchange traded fund’s stock valued at $1,937,000 after acquiring an additional 146 shares during the period.

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.