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

Materials Select Sector SPDR Fund (NYSEARCA:XLB) was the recipient of unusually large options trading on Tuesday. Traders acquired 199,327 put options on the stock. This represents an increase of approximately 675% compared to the typical volume of 25,705 put options.

Materials Select Sector SPDR Fund Stock Down 0.9%

XLB traded down $0.46 on Tuesday, reaching $51.78. The company’s stock had a trading volume of 7,774,292 shares, compared to its average volume of 13,952,446. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 24.55 and a beta of 0.92. Materials Select Sector SPDR Fund has a fifty-two week low of $42.03 and a fifty-two week high of $54.14. The stock has a 50 day moving average of $51.46 and a two-hundred day moving average of $51.20.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of XLB. Turning Point Benefit Group Inc. purchased a new position in shares of Materials Select Sector SPDR Fund in the 4th quarter valued at $25,000. Main Street Group LTD acquired a new stake in Materials Select Sector SPDR Fund during the 1st quarter worth $25,000. TD Waterhouse Canada Inc. raised its stake in Materials Select Sector SPDR Fund by 100.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 578 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 289 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Materials Select Sector SPDR Fund in the first quarter valued at $26,000. Finally, Oak Harbor Wealth Partners LLC lifted its position in Materials Select Sector SPDR Fund by 100.0% in the fourth quarter. Oak Harbor Wealth Partners LLC now owns 600 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 75.78% of the company’s stock.

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