Materials Select Sector SPDR (NYSEARCA:XLB) Position Lowered by Bowling Portfolio Management LLC

Bowling Portfolio Management LLC decreased its stake in shares of Materials Select Sector SPDR (NYSEARCA:XLB) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,677 shares of the exchange traded fund’s stock after selling 218 shares during the period. Bowling Portfolio Management LLC’s holdings in Materials Select Sector SPDR were worth $2,135,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. increased its stake in shares of Materials Select Sector SPDR by 11.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 48,395 shares of the exchange traded fund’s stock worth $2,604,000 after buying an additional 4,931 shares in the last quarter. Bray Capital Advisors increased its position in Materials Select Sector SPDR by 2.3% in the second quarter. Bray Capital Advisors now owns 30,341 shares of the exchange traded fund’s stock valued at $1,633,000 after buying an additional 690 shares during the period. MCF Advisors LLC increased its position 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 during the period. Ferguson Wellman Capital Management Inc. increased its position 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 during the period. Finally, Mechanics Bank Trust Department increased its position in Materials Select Sector SPDR by 5.3% in the second quarter. Mechanics Bank Trust Department now owns 21,868 shares of the exchange traded fund’s stock valued at $1,177,000 after buying an additional 1,101 shares during the period.

Shares of Materials Select Sector SPDR (NYSEARCA XLB) opened at 53.71 on Friday. The company’s 50-day moving average price is $54.59 and its 200-day moving average price is $53.20. Materials Select Sector SPDR has a 12-month low of $45.56 and a 12-month high of $55.92. Materials Select Sector SPDR also saw unusually large options trading activity on Thursday. Stock investors purchased 22,516 call options on the stock. This represents an increase of approximately 1,143% compared to the average daily volume of 1,811 call options.

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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.

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

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