Sun Life Financial INC increased its holdings in shares of Materials Select Sector SPDR (NYSEARCA:XLB) by 1,028.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,069 shares of the exchange traded fund’s stock after acquiring an additional 70,240 shares during the quarter. Materials Select Sector SPDR makes up about 0.4% of Sun Life Financial INC’s holdings, making the stock its 22nd largest position. Sun Life Financial INC’s holdings in Materials Select Sector SPDR were worth $4,147,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of XLB. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Materials Select Sector SPDR in the second quarter valued at $4,849,000. Sei Investments Co. raised its stake in shares of 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 during the period. Endurance Wealth Management Inc. raised its stake in shares of Materials Select Sector SPDR by 7.8% in the second quarter. Endurance Wealth Management Inc. now owns 2,480 shares of the exchange traded fund’s stock valued at $133,000 after buying an additional 180 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of 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 during the period. Finally, Synovus Financial Corp raised its stake in shares of Materials Select Sector SPDR by 17.5% in the second quarter. Synovus Financial Corp now owns 2,952 shares of the exchange traded fund’s stock valued at $159,000 after buying an additional 439 shares during the period.

Shares of Materials Select Sector SPDR (NYSEARCA:XLB) remained flat at $56.80 during mid-day trading on Friday. 4,144,433 shares of the company’s stock traded hands. Materials Select Sector SPDR has a 52-week low of $45.56 and a 52-week high of $56.99. The firm has a 50-day moving average price of $54.77 and a 200 day moving average price of $53.66.

The company also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 18th were issued a dividend of $0.3019 per share. This represents a $1.21 annualized dividend and a dividend yield of 2.13%. This is a boost from Materials Select Sector SPDR’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, September 15th.

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About Materials Select Sector SPDR

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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