Traders Buy Large Volume of Materials Select Sector SPDR Fund Call Options (NYSEARCA:XLB)

Materials Select Sector SPDR Fund (NYSEARCA:XLB) saw some unusual options trading on Monday. Stock traders acquired 123,694 call options on the stock. This represents an increase of 153% compared to the typical daily volume of 48,967 call options.

Institutional Investors Weigh In On Materials Select Sector SPDR Fund

Large investors have recently modified their holdings of the stock. Turning Point Benefit Group Inc. bought a new stake in shares of Materials Select Sector SPDR Fund in the 4th quarter valued at approximately $25,000. TD Waterhouse Canada Inc. grew its position in Materials Select Sector SPDR Fund by 100.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 578 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 289 shares during the last quarter. Thompson Investment Management Inc. grew its position in Materials Select Sector SPDR Fund by 100.0% during the 4th quarter. Thompson Investment Management Inc. now owns 600 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 300 shares during the last quarter. Register Financial Advisors LLC grew its position in Materials Select Sector SPDR Fund by 58.9% during the 4th quarter. Register Financial Advisors LLC now owns 588 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 218 shares during the last quarter. Finally, Oak Harbor Wealth Partners LLC grew its position in Materials Select Sector SPDR Fund by 100.0% during the 4th quarter. Oak Harbor Wealth Partners LLC now owns 600 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 300 shares during the last quarter. 75.78% of the stock is currently owned by institutional investors.

Materials Select Sector SPDR Fund Trading Up 0.7%

XLB stock opened at $52.23 on Tuesday. Materials Select Sector SPDR Fund has a 1-year low of $39.39 and a 1-year high of $54.14. The firm has a market cap of $7.43 billion, a P/E ratio of 24.55 and a beta of 0.99. The business’s 50 day moving average is $51.05 and its 200-day moving average is $47.57.

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