Materials Select Sector SPDR (XLB) Holdings Trimmed by WP Advisors LLC

WP Advisors LLC trimmed its holdings in Materials Select Sector SPDR (NYSEARCA:XLB) by 0.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,271 shares of the exchange traded fund’s stock after selling 189 shares during the quarter. Materials Select Sector SPDR makes up approximately 2.1% of WP Advisors LLC’s holdings, making the stock its 14th biggest position. WP Advisors LLC’s holdings in Materials Select Sector SPDR were worth $1,958,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of XLB. BlackRock Inc. boosted its stake in Materials Select Sector SPDR by 53.3% in the 3rd quarter. BlackRock Inc. now owns 837,394 shares of the exchange traded fund’s stock worth $48,511,000 after purchasing an additional 291,155 shares during the period. JPMorgan Chase & Co. boosted its stake in Materials Select Sector SPDR by 419.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 645,320 shares of the exchange traded fund’s stock worth $37,383,000 after purchasing an additional 521,164 shares during the period. Great Lakes Advisors LLC bought a new position in Materials Select Sector SPDR in the 3rd quarter worth approximately $330,000. Martin & Co. Inc. TN boosted its stake in Materials Select Sector SPDR by 1.2% in the 3rd quarter. Martin & Co. Inc. TN now owns 83,047 shares of the exchange traded fund’s stock worth $4,811,000 after purchasing an additional 995 shares during the period. Finally, IndexIQ Advisors LLC boosted its stake in Materials Select Sector SPDR by 84.5% in the 3rd quarter. IndexIQ Advisors LLC now owns 5,086 shares of the exchange traded fund’s stock worth $295,000 after purchasing an additional 2,329 shares during the period.

XLB stock traded down $0.31 during midday trading on Monday, hitting $57.81. The company’s stock had a trading volume of 2,013,662 shares, compared to its average volume of 7,291,825. Materials Select Sector SPDR has a 12 month low of $47.05 and a 12 month high of $61.21.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 18th were paid a $0.2391 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.96 annualized dividend and a yield of 1.65%.

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About Materials Select Sector SPDR

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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Institutional Ownership by Quarter for Materials Select Sector SPDR (NYSEARCA:XLB)

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