Materials Select Sector SPDR Fund (NYSEARCA:XLB) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Materials Select Sector SPDR Fund (NYSEARCA:XLB)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $90.59 and traded as low as $84.73. Materials Select Sector SPDR Fund shares last traded at $85.79, with a volume of 8,403,331 shares changing hands.

Materials Select Sector SPDR Fund Stock Performance

The stock has a market capitalization of $5.39 billion, a P/E ratio of 25.16 and a beta of 1.09. The firm has a 50-day moving average price of $88.06 and a 200 day moving average price of $90.58.

Institutional Investors Weigh In On Materials Select Sector SPDR Fund

Institutional investors have recently bought and sold shares of the stock. Promus Capital LLC purchased a new stake in Materials Select Sector SPDR Fund during the 4th quarter valued at about $27,000. FWL Investment Management LLC purchased a new stake in Materials Select Sector SPDR Fund in the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. purchased a new stake in Materials Select Sector SPDR Fund in the 4th quarter worth approximately $36,000. Tortoise Investment Management LLC purchased a new stake in Materials Select Sector SPDR Fund in the 4th quarter worth approximately $37,000. Finally, Avion Wealth lifted its holdings in Materials Select Sector SPDR Fund by 88.2% in the 4th quarter. Avion Wealth now owns 640 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 300 shares during the period.

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.