Traders sold shares of Materials Select Sector SPDR ETF (NYSEARCA:XLB) on strength during trading hours on Wednesday. $14.31 million flowed into the stock on the tick-up and $71.69 million flowed out of the stock on the tick-down, for a money net flow of $57.38 million out of the stock. Of all companies tracked, Materials Select Sector SPDR ETF had the 7th highest net out-flow for the day. Materials Select Sector SPDR ETF traded up $0.08 for the day and closed at $60.37
The firm has a market cap of $4,880.00 and a P/E ratio of -8.10.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th were paid a $0.2879 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.15 annualized dividend and a yield of 1.91%. Materials Select Sector SPDR ETF’s dividend payout ratio is presently -13.56%.
TRADEMARK VIOLATION NOTICE: “Traders Sell Materials Select Sector SPDR ETF (XLB) on Strength (XLB)” was originally reported by Week Herald and is owned by of Week Herald. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://weekherald.com/2017/12/27/traders-sell-materials-select-sector-spdr-etf-xlb-on-strength-xlb.html.
About Materials Select Sector SPDR ETF
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.
Receive News & Ratings for Materials Select Sector SPDR ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materials Select Sector SPDR ETF and related companies with MarketBeat.com's FREE daily email newsletter.