Materials Select Sector SPDR Fund (NYSEARCA:XLB) Sets New 12-Month High at $95.58

Materials Select Sector SPDR Fund (NYSEARCA:XLB) reached a new 52-week high during trading on Tuesday . The company traded as high as $95.58 and last traded at $95.49, with a volume of 1129249 shares changing hands. The stock had previously closed at $94.47.

Materials Select Sector SPDR Fund Price Performance

The company has a market cap of $5.99 billion, a PE ratio of 17.15 and a beta of 0.89. The company’s 50 day simple moving average is $91.32 and its two-hundred day simple moving average is $90.66.

Hedge Funds Weigh In On Materials Select Sector SPDR Fund

A number of hedge funds have recently made changes to their positions in XLB. Rovin Capital UT ADV lifted its stake in Materials Select Sector SPDR Fund by 2.9% during the second quarter. Rovin Capital UT ADV now owns 4,395 shares of the exchange traded fund’s stock worth $388,000 after purchasing an additional 123 shares in the last quarter. Beacon Capital Management LLC boosted its holdings in Materials Select Sector SPDR Fund by 16.3% during the 1st quarter. Beacon Capital Management LLC now owns 892 shares of the exchange traded fund’s stock valued at $83,000 after acquiring an additional 125 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Materials Select Sector SPDR Fund by 0.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 28,377 shares of the exchange traded fund’s stock valued at $2,506,000 after acquiring an additional 127 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in Materials Select Sector SPDR Fund by 4.7% during the second quarter. Aptus Capital Advisors LLC now owns 3,203 shares of the exchange traded fund’s stock worth $283,000 after purchasing an additional 143 shares during the period. Finally, Winthrop Capital Management LLC lifted its position in shares of Materials Select Sector SPDR Fund by 0.7% during the first quarter. Winthrop Capital Management LLC now owns 20,854 shares of the exchange traded fund’s stock worth $1,937,000 after purchasing an additional 146 shares in 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.