Materials Select Sector SPDR (XLB) Holdings Lifted by BlueCrest Capital Management Ltd

BlueCrest Capital Management Ltd boosted its stake in shares of Materials Select Sector SPDR (NYSEARCA:XLB) by 300.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,018 shares of the exchange traded fund’s stock after buying an additional 30,018 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Materials Select Sector SPDR were worth $2,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Sei Investments Co. grew its position 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 valued at $125,000 after purchasing an additional 1,496 shares during the last quarter. Endurance Wealth Management Inc. grew its position 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 valued at $133,000 after purchasing an additional 180 shares during the last quarter. Aviance Capital Management LLC acquired a new stake in shares of Materials Select Sector SPDR in the second quarter valued at approximately $149,000. Daiwa Securities Group Inc. grew its position 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 valued at $156,000 after purchasing an additional 400 shares during the last quarter. Finally, Synovus Financial Corp grew its position in shares of Materials Select Sector SPDR by 17.5% in the second quarter. Synovus Financial Corp now owns 2,952 shares of the exchange traded fund’s stock valued at $159,000 after purchasing an additional 439 shares during the last quarter.

Shares of Materials Select Sector SPDR (NYSEARCA XLB) opened at 57.90 on Wednesday. The stock has a 50 day moving average of $56.07 and a 200 day moving average of $54.21. Materials Select Sector SPDR has a 52-week low of $45.56 and a 52-week high of $58.11.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 18th were paid a $0.3019 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $1.21 annualized dividend and a dividend yield of 2.08%. 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.

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

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