Materials Select Sector SPDR Fund (NYSEARCA:XLB) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Materials Select Sector SPDR Fund (NYSEARCA:XLB) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $90.92 and traded as low as $84.34. Materials Select Sector SPDR Fund shares last traded at $84.87, with a volume of 5,141,476 shares trading hands.

Materials Select Sector SPDR Fund Stock Down 0.1 %

The firm has a market cap of $5.42 billion, a PE ratio of 24.84 and a beta of 1.08. The company’s 50 day moving average price is $87.68 and its two-hundred day moving average price is $90.92.

Institutional Investors Weigh In On Materials Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently made changes to their positions in XLB. Nations Financial Group Inc. IA ADV lifted its holdings in Materials Select Sector SPDR Fund by 10.3% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 3,969 shares of the exchange traded fund’s stock valued at $383,000 after buying an additional 369 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Materials Select Sector SPDR Fund by 407.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 15,719 shares of the exchange traded fund’s stock valued at $1,515,000 after buying an additional 12,619 shares in the last quarter. Pinnacle Financial Partners Inc lifted its holdings in Materials Select Sector SPDR Fund by 8.8% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 6,699 shares of the exchange traded fund’s stock valued at $646,000 after buying an additional 540 shares in the last quarter. Huntington National Bank lifted its holdings in Materials Select Sector SPDR Fund by 11.5% during the 3rd quarter. Huntington National Bank now owns 19,200 shares of the exchange traded fund’s stock valued at $1,850,000 after buying an additional 1,985 shares in the last quarter. Finally, Vectors Research Management LLC lifted its holdings in Materials Select Sector SPDR Fund by 86.5% during the 3rd quarter. Vectors Research Management LLC now owns 10,507 shares of the exchange traded fund’s stock valued at $1,013,000 after buying an additional 4,873 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.