IFP Advisors Inc cut its position in shares of Materials Select Sector SPDR (NYSEARCA:XLB) by 42.9% during the second quarter, Holdings Channel reports. The fund owned 13,172 shares of the exchange traded fund’s stock after selling 9,913 shares during the period. IFP Advisors Inc’s holdings in Materials Select Sector SPDR were worth $709,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sei Investments Co. raised its stake in Materials Select Sector SPDR by 181.6% in the second quarter. Sei Investments Co. now owns 2,320 shares of the exchange traded fund’s stock valued at $125,000 after buying an additional 1,496 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Materials Select Sector SPDR by 16.0% in the second quarter. Daiwa Securities Group Inc. now owns 2,900 shares of the exchange traded fund’s stock valued at $156,000 after buying an additional 400 shares in the last quarter. MCF Advisors LLC raised its stake in Materials Select Sector SPDR by 0.5% in the second quarter. MCF Advisors LLC now owns 3,360 shares of the exchange traded fund’s stock valued at $181,000 after buying an additional 16 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in Materials Select Sector SPDR by 2.6% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 3,980 shares of the exchange traded fund’s stock valued at $214,000 after buying an additional 100 shares in the last quarter. Finally, CAPROCK Group Inc. bought a new stake in Materials Select Sector SPDR during the second quarter valued at about $229,000.

Shares of Materials Select Sector SPDR (NYSEARCA XLB) opened at 53.61 on Friday. The firm has a 50-day moving average of $54.58 and a 200 day moving average of $53.14. Materials Select Sector SPDR has a 52-week low of $45.56 and a 52-week high of $55.92.

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Materials Select Sector SPDR 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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Institutional Ownership by Quarter for Materials Select Sector SPDR (NYSEARCA:XLB)

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