Materials Select Sector SPDR Fund (NYSEARCA:XLB) Sees Large Volume Increase

Materials Select Sector SPDR Fund (NYSEARCA:XLBGet Rating) shares saw an uptick in trading volume on Tuesday . 168,618 shares traded hands during trading, a decline of 98% from the previous session’s volume of 8,920,054 shares.The stock last traded at $89.33 and had previously closed at $89.14.

The stock has a 50-day moving average of $85.49.

Several institutional investors have recently bought and sold shares of the company. MJP Associates Inc. ADV grew its position in shares of Materials Select Sector SPDR Fund by 2.8% in the first quarter. MJP Associates Inc. ADV now owns 103,089 shares of the exchange traded fund’s stock valued at $9,089,000 after purchasing an additional 2,828 shares during the last quarter. Centennial Wealth Advisory LLC boosted its stake in shares of Materials Select Sector SPDR Fund by 21.2% in the first quarter. Centennial Wealth Advisory LLC now owns 6,406 shares of the exchange traded fund’s stock valued at $565,000 after buying an additional 1,122 shares during the period. Donald L. Hagan LLC boosted its stake in shares of Materials Select Sector SPDR Fund by 42.7% in the first quarter. Donald L. Hagan LLC now owns 10,346 shares of the exchange traded fund’s stock valued at $912,000 after buying an additional 3,098 shares during the period. Hollencrest Capital Management boosted its stake in shares of Materials Select Sector SPDR Fund by 1.6% in the first quarter. Hollencrest Capital Management now owns 305,255 shares of the exchange traded fund’s stock valued at $26,908,000 after buying an additional 4,914 shares during the period. Finally, Harrison & Co Wealth Management LLC boosted its stake in shares of Materials Select Sector SPDR Fund by 4.5% in the first quarter. Harrison & Co Wealth Management LLC now owns 9,534 shares of the exchange traded fund’s stock valued at $840,000 after buying an additional 410 shares during the period.

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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