Materials Select Sector SPDR Fund Target of Unusually High Options Trading (NYSEARCA:XLB)

Materials Select Sector SPDR Fund (NYSEARCA:XLB) saw some unusual options trading on Tuesday. Investors acquired 258,537 put options on the stock. This represents an increase of 852% compared to the typical volume of 27,159 put options.

Materials Select Sector SPDR Fund Trading Up 2.0%

Shares of NYSEARCA XLB traded up $0.92 during midday trading on Tuesday, hitting $47.50. 18,236,736 shares of the company’s stock were exchanged, compared to its average volume of 19,100,518. The business’s fifty day moving average price is $44.25 and its two-hundred day moving average price is $44.70. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 24.55 and a beta of 1.03. Materials Select Sector SPDR Fund has a 12-month low of $36.56 and a 12-month high of $47.63.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sage Capital Advisors llc boosted its position in Materials Select Sector SPDR Fund by 100.4% during the fourth quarter. Sage Capital Advisors llc now owns 22,339 shares of the exchange traded fund’s stock valued at $1,013,000 after buying an additional 11,192 shares during the period. Chemistry Wealth Management LLC boosted its holdings in Materials Select Sector SPDR Fund by 67.1% during the 4th quarter. Chemistry Wealth Management LLC now owns 5,561 shares of the exchange traded fund’s stock valued at $252,000 after acquiring an additional 2,233 shares during the period. Avior Wealth Management LLC grew its position in Materials Select Sector SPDR Fund by 260.9% during the 4th quarter. Avior Wealth Management LLC now owns 9,034 shares of the exchange traded fund’s stock worth $410,000 after acquiring an additional 6,531 shares during the last quarter. Park Avenue Securities LLC grew its position in Materials Select Sector SPDR Fund by 92.2% during the 4th quarter. Park Avenue Securities LLC now owns 224,175 shares of the exchange traded fund’s stock worth $10,166,000 after acquiring an additional 107,511 shares during the last quarter. Finally, Boltwood Capital Management increased its stake in Materials Select Sector SPDR Fund by 91.8% in the 4th quarter. Boltwood Capital Management now owns 21,142 shares of the exchange traded fund’s stock worth $959,000 after purchasing an additional 10,117 shares during the period. 75.78% of the stock is currently owned by institutional investors.

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