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

Materials Select Sector SPDR Fund (NYSEARCA:XLB)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $50.41 and traded as low as $49.89. Materials Select Sector SPDR Fund shares last traded at $50.16, with a volume of 13,282,197 shares.

Materials Select Sector SPDR Fund Price Performance

The firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of 24.55 and a beta of 0.92. The stock has a fifty day moving average of $51.23 and a two-hundred day moving average of $50.41.

Institutional Investors Weigh In On Materials Select Sector SPDR Fund

A number of institutional investors have recently made changes to their positions in the stock. Turning Point Benefit Group Inc. bought a new position in shares of Materials Select Sector SPDR Fund during the fourth quarter worth about $25,000. Main Street Group LTD acquired a new position in shares of Materials Select Sector SPDR Fund in the first quarter worth approximately $25,000. TD Waterhouse Canada Inc. boosted its holdings in Materials Select Sector SPDR Fund by 100.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 578 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 289 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Materials Select Sector SPDR Fund in the first quarter valued at approximately $26,000. Finally, Thompson Investment Management Inc. boosted its holdings in Materials Select Sector SPDR Fund by 100.0% in the fourth quarter. Thompson Investment Management Inc. now owns 600 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 75.78% of the company’s stock.

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. The Fund’s investment advisor is SSgA Funds Management, Inc