Investors sold shares of Materials Select Sector SPDR ETF (NYSEARCA:XLB) on strength during trading on Wednesday. $28.29 million flowed into the stock on the tick-up and $59.27 million flowed out of the stock on the tick-down, for a money net flow of $30.98 million out of the stock. Of all stocks tracked, Materials Select Sector SPDR ETF had the 28th highest net out-flow for the day. Materials Select Sector SPDR ETF traded up $0.02 for the day and closed at $59.90

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th will be given a dividend of $0.2879 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $1.15 dividend on an annualized basis and a yield of 1.92%. Materials Select Sector SPDR ETF’s dividend payout ratio (DPR) is -13.56%.

A number of hedge funds have recently added to or reduced their stakes in XLB. JPMorgan Chase & Co. boosted its position in Materials Select Sector SPDR ETF by 74.3% during the third quarter. JPMorgan Chase & Co. now owns 1,389,923 shares of the exchange traded fund’s stock worth $78,948,000 after purchasing an additional 592,491 shares during the period. AGF Investments Inc. boosted its position in shares of Materials Select Sector SPDR ETF by 760.1% in the second quarter. AGF Investments Inc. now owns 559,677 shares of the exchange traded fund’s stock valued at $30,132,000 after acquiring an additional 494,607 shares during the period. Swan Global Investments LLC boosted its position in shares of Materials Select Sector SPDR ETF by 6.2% in the third quarter. Swan Global Investments LLC now owns 7,092,240 shares of the exchange traded fund’s stock valued at $402,839,000 after acquiring an additional 411,014 shares during the period. IndexIQ Advisors LLC boosted its position in shares of Materials Select Sector SPDR ETF by 1,435.1% in the second quarter. IndexIQ Advisors LLC now owns 320,898 shares of the exchange traded fund’s stock valued at $17,267,000 after acquiring an additional 299,994 shares during the period. Finally, State Street Corp bought a new stake in shares of Materials Select Sector SPDR ETF in the second quarter valued at about $14,811,000.

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Materials Select Sector SPDR ETF 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.

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