Parallel Advisors LLC Has $156,000 Holdings in Materials Select Sector SPDR (XLB)

Parallel Advisors LLC lessened its holdings in shares of Materials Select Sector SPDR (NYSEARCA:XLB) by 23.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,813 shares of the exchange traded fund’s stock after selling 872 shares during the quarter. Parallel Advisors LLC’s holdings in Materials Select Sector SPDR were worth $156,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Morgan Stanley raised its stake in shares of Materials Select Sector SPDR by 71.7% in the 3rd quarter. Morgan Stanley now owns 5,988,878 shares of the exchange traded fund’s stock worth $346,936,000 after buying an additional 2,501,163 shares in the last quarter. Prudential PLC bought a new stake in shares of Materials Select Sector SPDR in the 4th quarter worth $197,278,000. Deutsche Bank AG bought a new stake in shares of Materials Select Sector SPDR in the 4th quarter worth $65,872,000. BlackRock Inc. raised its stake in shares of 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 buying an additional 291,155 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of 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 buying an additional 521,164 shares in the last quarter.

Shares of XLB traded up $0.46 during midday trading on Tuesday, reaching $54.36. The stock had a trading volume of 6,101,857 shares, compared to its average volume of 7,060,871. Materials Select Sector SPDR has a 52 week low of $47.05 and a 52 week high of $61.21.

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Materials Select Sector SPDR 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.

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

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