Simmons Bank raised its position in shares of Materials Select Sector SPDR (NYSEARCA:XLB) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,538 shares of the exchange traded fund’s stock after acquiring an additional 219 shares during the period. Simmons Bank’s holdings in Materials Select Sector SPDR were worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of XLB. Private Advisor Group LLC raised its holdings in Materials Select Sector SPDR by 6.6% during the 2nd quarter. Private Advisor Group LLC now owns 47,113 shares of the exchange traded fund’s stock valued at $2,566,000 after buying an additional 2,911 shares during the period. Endurance Wealth Management Inc. raised its holdings in Materials Select Sector SPDR by 7.8% during the 2nd 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. Benjamin F. Edwards & Company Inc. raised its holdings in Materials Select Sector SPDR by 11.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 48,395 shares of the exchange traded fund’s stock valued at $2,604,000 after buying an additional 4,931 shares during the period. Timber Hill LLC raised its holdings in Materials Select Sector SPDR by 276.5% during the 2nd quarter. Timber Hill LLC now owns 40,060 shares of the exchange traded fund’s stock valued at $2,156,000 after buying an additional 62,754 shares during the period. Finally, CAPROCK Group Inc. purchased a new stake in Materials Select Sector SPDR during the 2nd quarter valued at $229,000.

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Materials Select Sector SPDR (NYSEARCA:XLB) traded down 0.22% during mid-day trading on Friday, reaching $57.90. The company had a trading volume of 2,631,175 shares. The stock has a 50 day moving average of $55.83 and a 200 day moving average of $54.09. Materials Select Sector SPDR has a 52 week low of $45.56 and a 52 week high of $58.03.

The company also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 18th were paid a $0.3019 dividend. The ex-dividend date was Friday, September 15th. This is a positive change from Materials Select Sector SPDR’s previous quarterly dividend of $0.25. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.09%.

Materials Select Sector SPDR 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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