Materials Select Sector SPDR Fund (NYSEARCA:XLB) Shares Pass Above 50-Day Moving Average of $57.09

Materials Select Sector SPDR Fund (NYSEARCA:XLB) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $57.09 and traded as high as $56.61. Materials Select Sector SPDR Fund shares last traded at $56.56, with a volume of 260,031 shares.

The stock’s fifty day moving average is $57.08 and its 200-day moving average is $56.90.

The company also recently declared a — dividend, which was paid on Wednesday, September 25th. Investors of record on Monday, September 23rd were issued a dividend of $0.2943 per share. This represents a yield of 2%. The ex-dividend date was Friday, September 20th.

A number of hedge funds and other institutional investors have recently made changes to their positions in XLB. SG Americas Securities LLC lifted its holdings in Materials Select Sector SPDR Fund by 100.2% during the second quarter. SG Americas Securities LLC now owns 16,495 shares of the exchange traded fund’s stock valued at $965,000 after purchasing an additional 6,867,028 shares in the last quarter. Natixis lifted its holdings in Materials Select Sector SPDR Fund by 191.6% during the second quarter. Natixis now owns 1,512,541 shares of the exchange traded fund’s stock valued at $88,484,000 after purchasing an additional 993,809 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in Materials Select Sector SPDR Fund during the second quarter valued at $40,246,000. BlackRock Inc. lifted its holdings in Materials Select Sector SPDR Fund by 55.9% during the second quarter. BlackRock Inc. now owns 1,038,334 shares of the exchange traded fund’s stock valued at $60,742,000 after purchasing an additional 372,364 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Materials Select Sector SPDR Fund by 54.3% during the second quarter. Envestnet Asset Management Inc. now owns 980,336 shares of the exchange traded fund’s stock valued at $57,350,000 after purchasing an additional 345,063 shares in the last quarter.

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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