Materials Select Sector SPDR Fund (XLB) to Distribute Quarterly Dividend of $0.19 on June 24th

Materials Select Sector SPDR Fund (NYSEARCA:XLB) announced a quarterly dividend on Wednesday, December 31st. Stockholders of record on Monday, June 22nd will be paid a dividend of 0.1932 per share by the exchange traded fund on Wednesday, June 24th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, June 22nd.

Materials Select Sector SPDR Fund Price Performance

Shares of XLB opened at $51.81 on Friday. Materials Select Sector SPDR Fund has a 1 year low of $42.03 and a 1 year high of $54.14. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 24.55 and a beta of 0.91. The business has a 50-day moving average of $51.37 and a 200-day moving average of $49.75.

Institutional Investors Weigh In On Materials Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XLB. AQR Capital Management LLC grew its position in shares of Materials Select Sector SPDR Fund by 27.3% in the 1st quarter. AQR Capital Management LLC now owns 5,234 shares of the exchange traded fund’s stock worth $450,000 after buying an additional 1,123 shares during the period. Empowered Funds LLC purchased a new position in Materials Select Sector SPDR Fund during the 1st quarter valued at about $1,217,000. Russell Investments Group Ltd. lifted its position in Materials Select Sector SPDR Fund by 175.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 659 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 420 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Materials Select Sector SPDR Fund by 20.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,635 shares of the exchange traded fund’s stock worth $144,000 after acquiring an additional 272 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Materials Select Sector SPDR Fund by 66.0% during the second quarter. First Trust Advisors LP now owns 13,621 shares of the exchange traded fund’s stock worth $1,196,000 after acquiring an additional 5,418 shares in the last quarter. 75.78% of the stock is owned by hedge funds and other institutional investors.

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