Materials Select Sector SPDR Fund (NYSEARCA:XLB) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Materials Select Sector SPDR Fund (NYSEARCA:XLB)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $91.16 and traded as low as $89.83. Materials Select Sector SPDR Fund shares last traded at $89.85, with a volume of 4,812,611 shares trading hands.

Materials Select Sector SPDR Fund Stock Down 0.3 %

The stock has a market capitalization of $5.62 billion, a PE ratio of 17.15 and a beta of 0.89. The firm’s fifty day moving average is $87.24 and its 200-day moving average is $91.16.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in XLB. Promus Capital LLC purchased a new position in Materials Select Sector SPDR Fund in the fourth quarter valued at about $27,000. FWL Investment Management LLC purchased a new position in Materials Select Sector SPDR Fund in the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. purchased a new position in Materials Select Sector SPDR Fund in the fourth quarter valued at about $36,000. Tortoise Investment Management LLC purchased a new position in Materials Select Sector SPDR Fund in the fourth quarter valued at about $37,000. Finally, Avion Wealth grew its position in shares of Materials Select Sector SPDR Fund by 88.2% in the fourth quarter. Avion Wealth now owns 640 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 300 shares during the last quarter.

About Materials Select Sector SPDR Fund

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.