Materials Select Sector SPDR Fund (NYSEARCA:XLB) Sets New 52-Week High at $93.50

Materials Select Sector SPDR Fund (NYSEARCA:XLB) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $93.50 and last traded at $93.48, with a volume of 542980 shares. The stock had previously closed at $92.88.

Materials Select Sector SPDR Fund Trading Up 0.9 %

The business’s fifty day moving average price is $87.79 and its 200 day moving average price is $83.12. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 11.79 and a beta of 1.06.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Barclays PLC grew its holdings in shares of Materials Select Sector SPDR Fund by 31,997.8% during the second quarter. Barclays PLC now owns 15,022,077 shares of the exchange traded fund’s stock worth $1,244,881,000 after buying an additional 14,975,276 shares during the last quarter. Morgan Stanley increased its holdings in shares of Materials Select Sector SPDR Fund by 17.5% in the third quarter. Morgan Stanley now owns 4,252,723 shares of the exchange traded fund’s stock valued at $334,051,000 after purchasing an additional 632,847 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Materials Select Sector SPDR Fund during the first quarter worth approximately $160,874,000. State Street Corp raised its stake in shares of Materials Select Sector SPDR Fund by 46.5% during the second quarter. State Street Corp now owns 1,285,651 shares of the exchange traded fund’s stock worth $94,624,000 after purchasing an additional 407,893 shares during the last quarter. Finally, Factory Mutual Insurance Co. lifted its holdings in shares of Materials Select Sector SPDR Fund by 68.2% during the fourth quarter. Factory Mutual Insurance Co. now owns 905,300 shares of the exchange traded fund’s stock worth $77,439,000 after purchasing an additional 367,000 shares during the period.

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.