Materials Select Sector SPDR Fund (NYSEARCA:XLB) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Shares of Materials Select Sector SPDR Fund (NYSEARCA:XLB) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $90.59 and traded as low as $84.73. Materials Select Sector SPDR Fund shares last traded at $85.79, with a volume of 8,403,331 shares traded.

Materials Select Sector SPDR Fund Price Performance

The company has a market cap of $5.39 billion, a PE ratio of 25.16 and a beta of 1.09. The company’s 50 day simple moving average is $88.06 and its two-hundred day simple moving average is $90.59.

Institutional Trading of Materials Select Sector SPDR Fund

Several hedge funds have recently made changes to their positions in the business. Concurrent Investment Advisors LLC lifted its position in shares of Materials Select Sector SPDR Fund by 1.0% during the fourth quarter. Concurrent Investment Advisors LLC now owns 13,879 shares of the exchange traded fund’s stock worth $1,168,000 after purchasing an additional 133 shares in the last quarter. Appleton Partners Inc. MA lifted its position in shares of Materials Select Sector SPDR Fund by 6.1% during the fourth quarter. Appleton Partners Inc. MA now owns 2,505 shares of the exchange traded fund’s stock worth $211,000 after purchasing an additional 143 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of Materials Select Sector SPDR Fund by 3.0% during the fourth quarter. Wedbush Securities Inc. now owns 5,252 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 151 shares in the last quarter. Janney Capital Management LLC raised its holdings in Materials Select Sector SPDR Fund by 7.0% in the fourth quarter. Janney Capital Management LLC now owns 2,392 shares of the exchange traded fund’s stock valued at $201,000 after acquiring an additional 156 shares in the last quarter. Finally, ARS Investment Partners LLC raised its holdings in Materials Select Sector SPDR Fund by 3.8% in the fourth quarter. ARS Investment Partners LLC now owns 4,314 shares of the exchange traded fund’s stock valued at $363,000 after acquiring an additional 157 shares in the last quarter.

About Materials Select Sector SPDR Fund

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.