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

Materials Select Sector SPDR Fund (NYSEARCA:XLB) was the recipient of unusually large options trading activity on Wednesday. Traders bought 205,867 call options on the stock. This represents an increase of approximately 481% compared to the typical volume of 35,444 call options.

Materials Select Sector SPDR Fund Stock Up 2.3%

NYSEARCA:XLB opened at $51.89 on Thursday. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 24.55 and a beta of 1.03. Materials Select Sector SPDR Fund has a 52 week low of $36.56 and a 52 week high of $52.02. The firm has a 50 day moving average of $46.85 and a 200 day moving average of $45.36.

Institutional Trading of Materials Select Sector SPDR Fund

A number of institutional investors have recently made changes to their positions in XLB. Moneco Advisors LLC increased its position in Materials Select Sector SPDR Fund by 200.7% during the 4th quarter. Moneco Advisors LLC now owns 15,799 shares of the exchange traded fund’s stock valued at $717,000 after buying an additional 10,545 shares in the last quarter. Biltmore Family Office LLC boosted its holdings in Materials Select Sector SPDR Fund by 228.0% in the fourth quarter. Biltmore Family Office LLC now owns 656 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 456 shares in the last quarter. Ameritas Advisory Services LLC grew its stake in shares of Materials Select Sector SPDR Fund by 34.2% during the fourth quarter. Ameritas Advisory Services LLC now owns 7,929 shares of the exchange traded fund’s stock worth $360,000 after acquiring an additional 2,021 shares during the last quarter. Independent Advisor Alliance grew its stake in shares of Materials Select Sector SPDR Fund by 127.5% during the fourth quarter. Independent Advisor Alliance now owns 6,054 shares of the exchange traded fund’s stock worth $275,000 after acquiring an additional 3,393 shares during the last quarter. Finally, Atlantic Union Bankshares Corp increased its holdings in shares of Materials Select Sector SPDR Fund by 98.6% during the fourth quarter. Atlantic Union Bankshares Corp now owns 218,948 shares of the exchange traded fund’s stock valued at $9,929,000 after acquiring an additional 108,696 shares in the last quarter. Institutional investors and hedge funds own 75.78% of the company’s stock.

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