Materials Select Sector SPDR Fund (NYSEARCA:XLB) Share Price Passes Below 200 Day Moving Average of $0.00

Shares of Materials Select Sector SPDR Fund (NYSEARCA:XLB) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as low as $58.15. Materials Select Sector SPDR Fund shares last traded at $58.33, with a volume of 210,723 shares traded.

The company has a 50-day moving average price of $57.57.

Several hedge funds have recently added to or reduced their stakes in the business. Lenox Wealth Management Inc. raised its position in shares of Materials Select Sector SPDR Fund by 342.5% during the 2nd quarter. Lenox Wealth Management Inc. now owns 1,938 shares of the exchange traded fund’s stock worth $113,000 after buying an additional 1,500 shares in the last quarter. FDx Advisors Inc. bought a new stake in shares of Materials Select Sector SPDR Fund during the 2nd quarter worth about $7,293,000. Arcus Capital Partners LLC bought a new stake in shares of Materials Select Sector SPDR Fund during the 2nd quarter worth about $1,370,000. Bristlecone Advisors LLC bought a new stake in shares of Materials Select Sector SPDR Fund during the 2nd quarter worth about $398,000. Finally, Winslow Evans & Crocker Inc. raised its position in shares of Materials Select Sector SPDR Fund by 1,197.4% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,984 shares of the exchange traded fund’s stock worth $176,000 after buying an additional 2,754 shares in the last quarter.

About Materials Select Sector SPDR Fund (NYSEARCA:XLB)

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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