Materials Select Sector SPDR Fund (NYSEARCA:XLB) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Shares of Materials Select Sector SPDR Fund (NYSEARCA:XLB) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $50.97 and traded as high as $50.97. Materials Select Sector SPDR Fund shares last traded at $50.29, with a volume of 10,924,351 shares.

Materials Select Sector SPDR Fund Stock Up 1.9%

The company has a 50 day moving average of $50.98 and a 200 day moving average of $50.78. The stock has a market capitalization of $8.52 billion, a price-to-earnings ratio of 24.55 and a beta of 0.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Turning Point Benefit Group Inc. acquired a new position in Materials Select Sector SPDR Fund in the fourth quarter worth $25,000. Main Street Group LTD acquired a new stake in Materials Select Sector SPDR Fund in the first quarter worth approximately $25,000. TD Waterhouse Canada Inc. boosted its stake in Materials Select Sector SPDR Fund by 100.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 578 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 289 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Materials Select Sector SPDR Fund during the 1st quarter valued at about $26,000. Finally, Thompson Investment Management Inc. grew its position in Materials Select Sector SPDR Fund by 100.0% in the fourth quarter. Thompson Investment Management Inc. now owns 600 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 75.78% of the company’s stock.

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