Materials Select Sector SPDR Fund (NYSEARCA:XLB) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Materials Select Sector SPDR Fund (NYSEARCA:XLB) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $90.38 and traded as low as $84.07. Materials Select Sector SPDR Fund shares last traded at $85.98, with a volume of 4,440,914 shares traded.

Materials Select Sector SPDR Fund Stock Performance

The business has a 50 day moving average price of $87.95 and a 200-day moving average price of $90.38. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 25.16 and a beta of 1.09.

Materials Select Sector SPDR Fund Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were issued a $0.4068 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. CWC Advisors LLC. increased its position in Materials Select Sector SPDR Fund by 2.5% in the 4th quarter. CWC Advisors LLC. now owns 7,399 shares of the exchange traded fund’s stock valued at $623,000 after buying an additional 183 shares in the last quarter. 111 Capital acquired a new stake in Materials Select Sector SPDR Fund in the fourth quarter valued at approximately $1,148,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Materials Select Sector SPDR Fund by 7.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,912 shares of the exchange traded fund’s stock valued at $2,096,000 after acquiring an additional 1,703 shares in the last quarter. Comprehensive Money Management Services LLC acquired a new position in shares of Materials Select Sector SPDR Fund during the fourth quarter worth approximately $222,000. Finally, Integrated Advisors Network LLC lifted its holdings in shares of Materials Select Sector SPDR Fund by 5.4% in the 4th quarter. Integrated Advisors Network LLC now owns 10,135 shares of the exchange traded fund’s stock worth $853,000 after purchasing an additional 522 shares in the last quarter.

Materials Select Sector SPDR Fund Company 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.