Stock Traders Purchase High Volume of Call Options on Materials Select Sector SPDR Fund (NYSEARCA:XLB)

by · The Markets Daily

Materials Select Sector SPDR Fund (NYSEARCA:XLB – Get Free Report) was the recipient of some unusual options trading on Tuesday. Stock traders acquired 72,329 call options on the stock. This represents an increase of 149% compared to the average daily volume of 29,058 call options.

Materials Select Sector SPDR Fund Price Performance

NYSEARCA XLB traded down $0.02 during trading on Tuesday, reaching $45.66. 1,692,176 shares of the company’s stock traded hands, compared to its average volume of 12,677,070. The company’s 50 day simple moving average is $43.96 and its two-hundred day simple moving average is $44.57. Materials Select Sector SPDR Fund has a 12-month low of $36.56 and a 12-month high of $46.43. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 24.55 and a beta of 1.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in XLB. Silicon Valley Capital Partners purchased a new stake in shares of Materials Select Sector SPDR Fund during the 2nd quarter worth $25,000. First Command Advisory Services Inc. lifted its position in shares of Materials Select Sector SPDR Fund by 488.2% during the second quarter. First Command Advisory Services Inc. now owns 300 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 249 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Materials Select Sector SPDR Fund by 514.5% in the 2nd quarter. Blue Trust Inc. now owns 338 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 283 shares in the last quarter. FAS Wealth Partners Inc. bought a new stake in shares of Materials Select Sector SPDR Fund in the 2nd quarter valued at about $33,000. Finally, Davis Capital Management purchased a new position in shares of Materials Select Sector SPDR Fund in the 3rd quarter worth approximately $35,000. 75.78% of the stock is currently owned by hedge funds and other institutional investors.

Materials Select Sector SPDR Fund Company Profile

(Get Free Report)

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. The Fund’s investment advisor is SSgA Funds Management, Inc

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