Migdal Insurance & Financial Holdings Ltd. Acquires 30,550 Shares of Materials Select Sector SPDR (XLB)

Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Materials Select Sector SPDR (NYSEARCA:XLB) by 32.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 125,036 shares of the exchange traded fund’s stock after buying an additional 30,550 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Materials Select Sector SPDR were worth $6,728,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. AGF Investments Inc. lifted its position in Materials Select Sector SPDR by 760.1% in the 2nd quarter. AGF Investments Inc. now owns 559,677 shares of the exchange traded fund’s stock valued at $30,132,000 after purchasing an additional 494,607 shares during the last quarter. IndexIQ Advisors LLC lifted its position in Materials Select Sector SPDR by 1,435.1% in the 2nd quarter. IndexIQ Advisors LLC now owns 320,898 shares of the exchange traded fund’s stock valued at $17,267,000 after purchasing an additional 299,994 shares during the last quarter. State Street Corp bought a new stake in Materials Select Sector SPDR in the 2nd quarter valued at about $14,811,000. JPMorgan Chase & Co. lifted its position in Materials Select Sector SPDR by 15.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 797,432 shares of the exchange traded fund’s stock valued at $42,911,000 after purchasing an additional 109,540 shares during the last quarter. Finally, Hanlon Investment Management Inc. lifted its position in Materials Select Sector SPDR by 522.9% in the 2nd quarter. Hanlon Investment Management Inc. now owns 115,021 shares of the exchange traded fund’s stock valued at $6,189,000 after purchasing an additional 96,557 shares during the last quarter.

Shares of Materials Select Sector SPDR (XLB) traded down 0.22% during mid-day trading on Friday, reaching $57.90. 2,631,175 shares of the company traded hands. The stock’s 50 day moving average is $55.83 and its 200 day moving average is $54.09. Materials Select Sector SPDR has a 52-week low of $45.56 and a 52-week high of $58.03.

The business also recently declared a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 18th were given a dividend of $0.3019 per share. This is an increase from Materials Select Sector SPDR’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, September 15th. This represents a $1.21 annualized dividend and a yield of 2.09%.

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Materials Select Sector SPDR 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.

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

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