Materials Select Sector SPDR Fund (NYSEARCA:XLB) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Materials Select Sector SPDR Fund (NYSEARCA:XLB) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $91.87 and traded as low as $91.38. Materials Select Sector SPDR Fund shares last traded at $92.44, with a volume of 4,144,557 shares changing hands.

Materials Select Sector SPDR Fund Stock Performance

The stock has a 50 day moving average of $94.59 and a two-hundred day moving average of $91.87. The firm has a market capitalization of $5.78 billion, a P/E ratio of 17.15 and a beta of 0.89.

Institutional Trading of Materials Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Greenleaf Trust increased its holdings in Materials Select Sector SPDR Fund by 4.1% in the third quarter. Greenleaf Trust now owns 2,811 shares of the exchange traded fund’s stock valued at $271,000 after purchasing an additional 111 shares during the last quarter. IAM Advisory LLC lifted its position in shares of Materials Select Sector SPDR Fund by 3.6% in the third quarter. IAM Advisory LLC now owns 3,356 shares of the exchange traded fund’s stock valued at $323,000 after buying an additional 116 shares during the last quarter. Rovin Capital UT ADV lifted its position in shares of Materials Select Sector SPDR Fund by 2.9% in the second quarter. Rovin Capital UT ADV now owns 4,395 shares of the exchange traded fund’s stock valued at $388,000 after buying an additional 123 shares during the last quarter. Beacon Capital Management LLC increased its stake in shares of Materials Select Sector SPDR Fund by 16.3% during the first quarter. Beacon Capital Management LLC now owns 892 shares of the exchange traded fund’s stock worth $83,000 after purchasing an additional 125 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Materials Select Sector SPDR Fund by 0.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 28,377 shares of the exchange traded fund’s stock worth $2,506,000 after purchasing an additional 127 shares during the period.

Materials Select Sector SPDR Fund 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.