Traders purchased shares of Materials Select Sector SPDR Fund (NYSEARCA:XLB) on weakness during trading on Tuesday. $66.58 million flowed into the stock on the tick-up and $24.19 million flowed out of the stock on the tick-down, for a money net flow of $42.39 million into the stock. Of all companies tracked, Materials Select Sector SPDR Fund had the 16th highest net in-flow for the day. Materials Select Sector SPDR Fund traded down ($0.42) for the day and closed at $57.42

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 18th were paid a dividend of $0.2391 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, March 15th.

Several large investors have recently made changes to their positions in the company. PRW Wealth Management LLC acquired a new position in shares of Materials Select Sector SPDR Fund during the 4th quarter worth approximately $28,000. Lavaca Capital LLC acquired a new position in shares of Materials Select Sector SPDR Fund during the 4th quarter worth approximately $35,000. Cordasco Financial Network acquired a new position in shares of Materials Select Sector SPDR Fund during the 4th quarter worth approximately $38,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Materials Select Sector SPDR Fund during the 4th quarter worth approximately $38,000. Finally, Clarus Wealth Advisors raised its position in shares of Materials Select Sector SPDR Fund by 47.4% during the 1st quarter. Clarus Wealth Advisors now owns 895 shares of the exchange traded fund’s stock worth $50,000 after purchasing an additional 288 shares during the last quarter.

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About Materials Select Sector SPDR Fund (NYSEARCA:XLB)

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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