Traders Sell Materials Select Sector SPDR ETF (XLB) on Strength (XLB)

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%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Patten Group Inc. raised its holdings in shares of Materials Select Sector SPDR ETF by 2,849.5% in the third quarter. Patten Group Inc. now owns 55,037 shares of the exchange traded fund’s stock valued at $105,000 after buying an additional 53,171 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Materials Select Sector SPDR ETF by 181.6% in the second quarter. Sei Investments Co. now owns 2,320 shares of the exchange traded fund’s stock valued at $125,000 after buying an additional 1,496 shares during the last quarter. Aviance Capital Management LLC purchased a new stake in shares of Materials Select Sector SPDR ETF in the second quarter valued at about $149,000. Synovus Financial Corp raised its holdings in shares of Materials Select Sector SPDR ETF by 17.5% in the second quarter. Synovus Financial Corp now owns 2,952 shares of the exchange traded fund’s stock valued at $159,000 after buying an additional 439 shares during the last quarter. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Materials Select Sector SPDR ETF in the third quarter valued at about $181,000.

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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.

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