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

Materials Select Sector SPDR Fund (NYSEARCA:XLB) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 288,757 put options on the stock. This represents an increase of 626% compared to the average volume of 39,751 put options.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in XLB. Silicon Valley Capital Partners acquired a new stake in shares of Materials Select Sector SPDR Fund during the 2nd quarter valued at $25,000. FAS Wealth Partners Inc. acquired a new stake in shares of Materials Select Sector SPDR Fund during the second quarter worth $33,000. Davis Capital Management purchased a new stake in shares of Materials Select Sector SPDR Fund during the third quarter valued at $35,000. Delos Wealth Advisors LLC purchased a new stake in shares of Materials Select Sector SPDR Fund during the second quarter valued at $35,000. Finally, UMB Bank n.a. boosted its position in shares of Materials Select Sector SPDR Fund by 143.9% in the 3rd quarter. UMB Bank n.a. now owns 517 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 305 shares during the period. Institutional investors and hedge funds own 75.78% of the company’s stock.

Materials Select Sector SPDR Fund Trading Down 0.1%

NYSEARCA:XLB opened at $53.00 on Friday. The company has a 50-day moving average of $49.48 and a 200-day moving average of $46.25. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 24.55 and a beta of 1.03. Materials Select Sector SPDR Fund has a twelve month low of $36.56 and a twelve month high of $54.14.

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