Materials Select Sector SPDR Fund Sees Unusually Large Options Volume (NYSEARCA:XLB)

Materials Select Sector SPDR Fund (NYSEARCA:XLB) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 271,405 put options on the company. This represents an increase of approximately 856% compared to the typical volume of 28,399 put options.

Institutional Investors Weigh In On Materials Select Sector SPDR Fund

Several institutional investors have recently added to or reduced their stakes in XLB. Future Financial Wealth Managment LLC grew its stake in Materials Select Sector SPDR Fund by 0.9% in the 2nd quarter. Future Financial Wealth Managment LLC now owns 22,436 shares of the exchange traded fund’s stock worth $1,970,000 after acquiring an additional 200 shares during the period. McGuire Investment Group LLC lifted its stake in shares of Materials Select Sector SPDR Fund by 5.7% during the 2nd quarter. McGuire Investment Group LLC now owns 5,752 shares of the exchange traded fund’s stock worth $505,000 after purchasing an additional 312 shares during the period. Clarity Financial LLC boosted its holdings in shares of Materials Select Sector SPDR Fund by 1.3% during the second quarter. Clarity Financial LLC now owns 30,165 shares of the exchange traded fund’s stock worth $2,649,000 after purchasing an additional 381 shares during the last quarter. Trilogy Capital Inc. acquired a new stake in shares of Materials Select Sector SPDR Fund during the second quarter worth $7,136,000. Finally, Donald L. Hagan LLC purchased a new stake in shares of Materials Select Sector SPDR Fund in the second quarter valued at $268,000. Hedge funds and other institutional investors own 75.78% of the company’s stock.

Materials Select Sector SPDR Fund Price Performance

NYSEARCA:XLB opened at $49.24 on Thursday. Materials Select Sector SPDR Fund has a 12 month low of $36.56 and a 12 month high of $49.38. The firm has a market capitalization of $5.91 billion, a PE ratio of 24.55 and a beta of 1.03. The business’s fifty day moving average price is $45.49 and its 200 day moving average price is $45.03.

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. The Fund’s investment advisor is SSgA Funds Management, Inc