Materials Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLB)

Materials Select Sector SPDR Fund (NYSEARCA:XLBGet Rating) was the recipient of some unusual options trading activity on Friday. Investors bought 19,707 put options on the stock. This is an increase of 140% compared to the average daily volume of 8,224 put options.

Hedge Funds Weigh In On Materials Select Sector SPDR Fund

Institutional investors have recently bought and sold shares of the business. Vectors Research Management LLC acquired a new stake in shares of Materials Select Sector SPDR Fund during the 4th quarter worth approximately $27,000. Hanson & Doremus Investment Management acquired a new stake in shares of Materials Select Sector SPDR Fund during the 1st quarter worth approximately $28,000. Armor Investment Advisors LLC acquired a new stake in shares of Materials Select Sector SPDR Fund during the 1st quarter worth approximately $28,000. Johnson Financial Group Inc. acquired a new stake in shares of Materials Select Sector SPDR Fund during the 4th quarter worth approximately $29,000. Finally, Charter Oak Capital Management LLC acquired a new stake in shares of Materials Select Sector SPDR Fund during the 2nd quarter worth approximately $29,000.

Materials Select Sector SPDR Fund Price Performance

XLB opened at $72.90 on Friday. Materials Select Sector SPDR Fund has a 12-month low of $69.98 and a 12-month high of $92.31. The firm has a 50 day moving average of $76.50 and a two-hundred day moving average of $80.97.

Materials Select Sector SPDR Fund Company Profile

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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.

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