Materials Select Sector SPDR Fund (NYSEARCA:XLB) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Materials Select Sector SPDR Fund (NYSEARCA:XLB) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $91.31 and traded as low as $88.26. Materials Select Sector SPDR Fund shares last traded at $89.44, with a volume of 6,042,467 shares traded.

Materials Select Sector SPDR Fund Price Performance

The company has a fifty day moving average price of $88.35 and a two-hundred day moving average price of $91.31. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 17.15 and a beta of 0.89.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cibc World Market Inc. grew its position in Materials Select Sector SPDR Fund by 143.5% during the fourth quarter. Cibc World Market Inc. now owns 2,436,753 shares of the exchange traded fund’s stock valued at $205,028,000 after purchasing an additional 1,435,916 shares in the last quarter. Factory Mutual Insurance Co. grew its holdings in shares of Materials Select Sector SPDR Fund by 24.6% during the 3rd quarter. Factory Mutual Insurance Co. now owns 1,124,300 shares of the exchange traded fund’s stock valued at $108,360,000 after acquiring an additional 222,000 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Materials Select Sector SPDR Fund by 61.7% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 970,000 shares of the exchange traded fund’s stock worth $93,489,000 after acquiring an additional 370,000 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Materials Select Sector SPDR Fund by 7.7% during the third quarter. EP Wealth Advisors LLC now owns 729,554 shares of the exchange traded fund’s stock worth $70,314,000 after acquiring an additional 52,028 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in Materials Select Sector SPDR Fund during the third quarter valued at $65,047,000.

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.