Benjamin F. Edwards & Company Inc. boosted its stake in shares of Materials Select Sector SPDR (NYSEARCA:XLB) by 11.3% during the second quarter, Holdings Channel reports. The institutional investor owned 48,395 shares of the exchange traded fund’s stock after buying an additional 4,931 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Materials Select Sector SPDR were worth $2,604,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in XLB. Ferguson Wellman Capital Management Inc. boosted its position in shares of 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 in the last quarter. Mechanics Bank Trust Department boosted its position in shares of 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 in the last quarter. MCF Advisors LLC boosted its position in shares of 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 in the last quarter. Finally, Bray Capital Advisors boosted its position in shares of 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 in the last quarter.
Materials Select Sector SPDR (NYSEARCA:XLB) opened at 55.06 on Monday. The company’s 50-day moving average price is $54.56 and its 200 day moving average price is $52.93. Materials Select Sector SPDR has a 52 week low of $45.56 and a 52 week high of $55.92.
Materials Select Sector SPDR Company Profile
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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