Materials Select Sector SPDR (XLB) Shares Bought by Arcus Capital Partners LLC

Arcus Capital Partners LLC raised its holdings in Materials Select Sector SPDR (NYSEARCA:XLB) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,853 shares of the exchange traded fund’s stock after purchasing an additional 317 shares during the period. Materials Select Sector SPDR comprises 0.7% of Arcus Capital Partners LLC’s holdings, making the stock its 27th largest position. Arcus Capital Partners LLC’s holdings in Materials Select Sector SPDR were worth $1,176,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. AGF Investments Inc. boosted its stake in shares of Materials Select Sector SPDR by 760.1% in the second quarter. AGF Investments Inc. now owns 559,677 shares of the exchange traded fund’s stock worth $30,132,000 after acquiring an additional 494,607 shares during the last quarter. IndexIQ Advisors LLC boosted its stake in Materials Select Sector SPDR by 1,435.1% during the second quarter. IndexIQ Advisors LLC now owns 320,898 shares of the exchange traded fund’s stock worth $17,267,000 after buying an additional 299,994 shares during the last quarter. State Street Corp acquired a new position in Materials Select Sector SPDR during the second quarter worth $14,811,000. Tower Research Capital LLC TRC boosted its stake in Materials Select Sector SPDR by 34,364.0% during the second quarter. Tower Research Capital LLC TRC now owns 137,856 shares of the exchange traded fund’s stock worth $7,418,000 after buying an additional 137,456 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Materials Select Sector SPDR by 15.9% during the second quarter. JPMorgan Chase & Co. now owns 797,432 shares of the exchange traded fund’s stock worth $42,911,000 after buying an additional 109,540 shares during the last quarter.

Materials Select Sector SPDR (NYSEARCA XLB) traded up 0.250% during trading on Thursday, reaching $58.105. The company’s stock had a trading volume of 880,393 shares. Materials Select Sector SPDR has a 52 week low of $45.56 and a 52 week high of $58.11. The company has a 50 day moving average price of $56.17 and a 200-day moving average price of $54.23.

The business also recently announced a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Monday, September 18th were issued a dividend of $0.3019 per share. This represents a $1.21 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend was Friday, September 15th. This is a boost from Materials Select Sector SPDR’s previous quarterly dividend of $0.25.

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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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