Jaffetilchin Investment Partners LLC Lowers Holdings in Materials Select Sector SPDR ETF (XLB)

Jaffetilchin Investment Partners LLC decreased its stake in Materials Select Sector SPDR ETF (NYSEARCA:XLB) by 35.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 59,738 shares of the exchange traded fund’s stock after selling 33,012 shares during the period. Materials Select Sector SPDR ETF makes up 1.2% of Jaffetilchin Investment Partners LLC’s portfolio, making the stock its 22nd largest position. Jaffetilchin Investment Partners LLC’s holdings in Materials Select Sector SPDR ETF were worth $3,616,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Sei Investments Co. raised its position in Materials Select Sector SPDR ETF by 181.6% in the second quarter. Sei Investments Co. now owns 2,320 shares of the exchange traded fund’s stock worth $125,000 after acquiring an additional 1,496 shares during the period. Aviance Capital Management LLC bought a new stake in Materials Select Sector SPDR ETF in the second quarter worth about $149,000. Valeo Financial Advisors LLC bought a new stake in Materials Select Sector SPDR ETF in the third quarter worth about $181,000. USA Financial Portformulas Corp bought a new stake in Materials Select Sector SPDR ETF in the second quarter worth about $203,000. Finally, Chemical Bank bought a new stake in Materials Select Sector SPDR ETF in the second quarter worth about $204,000.

Shares of Materials Select Sector SPDR ETF (XLB) traded down $0.43 during mid-day trading on Wednesday, reaching $62.42. 4,755,400 shares of the company’s stock traded hands, compared to its average volume of 5,336,300. The company has a market capitalization of $5,310.00 and a price-to-earnings ratio of -8.38. Materials Select Sector SPDR ETF has a twelve month low of $50.42 and a twelve month high of $63.32.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th were given a $0.2879 dividend. This represents a $1.15 annualized dividend and a yield of 1.84%. The ex-dividend date was Friday, December 15th. Materials Select Sector SPDR ETF’s dividend payout ratio is -13.56%.

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Materials Select Sector SPDR ETF 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.

Want to see what other hedge funds are holding XLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Materials Select Sector SPDR ETF (NYSEARCA:XLB).

Institutional Ownership by Quarter for Materials Select Sector SPDR ETF (NYSEARCA:XLB)

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