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

Abbrea Capital LLC increased its stake in Materials Select Sector SPDR (NYSEARCA:XLB) by 5.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,963 shares of the exchange traded fund’s stock after buying an additional 875 shares during the period. Abbrea Capital LLC’s holdings in Materials Select Sector SPDR were worth $967,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in XLB. Sei Investments Co. increased its stake in shares of Materials Select Sector SPDR by 181.6% in the second quarter. Sei Investments Co. now owns 2,320 shares of the exchange traded fund’s stock worth $125,000 after buying an additional 1,496 shares in the last quarter. Endurance Wealth Management Inc. increased its stake in shares of Materials Select Sector SPDR by 7.8% in the second quarter. Endurance Wealth Management Inc. now owns 2,480 shares of the exchange traded fund’s stock worth $133,000 after buying an additional 180 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Materials Select Sector SPDR by 16.0% in the second quarter. Daiwa Securities Group Inc. now owns 2,900 shares of the exchange traded fund’s stock worth $156,000 after buying an additional 400 shares in the last quarter. MCF Advisors LLC increased its stake 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 worth $181,000 after buying an additional 16 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased its stake 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 worth $214,000 after buying an additional 100 shares in the last quarter.

Shares of Materials Select Sector SPDR (NYSEARCA:XLB) opened at 53.48 on Friday. The company’s 50 day moving average is $54.57 and its 200-day moving average is $53.16. Materials Select Sector SPDR has a 12 month low of $45.56 and a 12 month high of $55.92.

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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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