Materials Select Sector SPDR Fund (NYSEARCA:XLB) Stock Passes Below 200-Day Moving Average of $0.00

Shares of Materials Select Sector SPDR Fund (NYSEARCA:XLB) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as low as $58.15. Materials Select Sector SPDR Fund shares last traded at $58.33, with a volume of 210,723 shares traded.

The stock has a 50 day moving average of $57.37.

Hedge funds have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc grew its stake in Materials Select Sector SPDR Fund by 110.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 632 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 331 shares during the period. Meridian Wealth Management LLC purchased a new stake in shares of Materials Select Sector SPDR Fund during the 1st quarter valued at $54,000. Rehmann Capital Advisory Group grew its stake in shares of Materials Select Sector SPDR Fund by 31.6% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,705 shares of the exchange traded fund’s stock valued at $95,000 after buying an additional 409 shares during the period. Wealthstreet Investment Advisors LLC purchased a new stake in shares of Materials Select Sector SPDR Fund during the 1st quarter valued at $206,000. Finally, CAPROCK Group Inc. purchased a new stake in shares of Materials Select Sector SPDR Fund during the 1st quarter valued at $216,000.

Materials Select Sector SPDR Fund Company Profile (NYSEARCA:XLB)

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.

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