Materials Select Sector SPDR Fund (NYSEARCA:XLB) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Materials Select Sector SPDR Fund (NYSEARCA:XLB) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $90.38 and traded as low as $84.07. Materials Select Sector SPDR Fund shares last traded at $85.98, with a volume of 4,440,914 shares trading hands.

Materials Select Sector SPDR Fund Trading Up 0.8 %

The stock has a market cap of $5.30 billion, a P/E ratio of 25.15 and a beta of 1.06. The company’s 50 day moving average price is $87.85 and its two-hundred day moving average price is $90.31.

Materials Select Sector SPDR Fund Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were given a $0.4068 dividend. The ex-dividend date was Monday, March 24th.

Hedge Funds Weigh In On Materials Select Sector SPDR Fund

Several institutional investors and hedge funds have recently bought and sold shares of XLB. Barclays PLC increased its holdings 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 worth $423,353,000 after acquiring an additional 3,439,575 shares in the last quarter. Cibc World Market Inc. raised its stake in Materials Select Sector SPDR Fund by 143.5% during 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 period. Menora Mivtachim Holdings LTD. bought a new stake in Materials Select Sector SPDR Fund during the 4th quarter valued at approximately $152,551,000. Commerce Bank boosted 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 worth $80,398,000 after purchasing an additional 418,300 shares during the period. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Materials Select Sector SPDR Fund by 3.6% in the fourth quarter. EP Wealth Advisors LLC now owns 755,687 shares of the exchange traded fund’s stock worth $63,584,000 after buying an additional 26,133 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.