Materials Select Sector SPDR Fund (NYSEARCA:XLB) Sees Unusually-High Trading Volume

Materials Select Sector SPDR Fund (NYSEARCA:XLBGet Rating) shares saw unusually-high trading volume on Friday . Approximately 261,734 shares changed hands during trading, a decline of 95% from the previous session’s volume of 4,990,074 shares.The stock last traded at $83.28 and had previously closed at $83.28.

Materials Select Sector SPDR Fund Stock Performance

The business’s 50-day moving average price is $80.23 and its 200 day moving average price is $76.32.

Institutional Trading of Materials Select Sector SPDR Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Charter Oak Capital Management LLC acquired a new stake in shares of Materials Select Sector SPDR Fund during the second quarter worth $29,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of Materials Select Sector SPDR Fund by 191.2% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 329 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 216 shares during the period. Salem Investment Counselors Inc. raised its holdings in shares of Materials Select Sector SPDR Fund by 215.6% during the third quarter. Salem Investment Counselors Inc. now owns 505 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 345 shares during the period. Signature Securities Group Corporation acquired a new stake in shares of Materials Select Sector SPDR Fund during the third quarter worth $34,000. Finally, Lindbrook Capital LLC acquired a new stake in shares of Materials Select Sector SPDR Fund during the second quarter worth $51,000.

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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