Sei Investments Co. raised its position in shares of Materials Select Sector SPDR (NYSEARCA:XLB) by 181.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,320 shares of the exchange traded fund’s stock after buying an additional 1,496 shares during the quarter. Sei Investments Co.’s holdings in Materials Select Sector SPDR were worth $125,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Materials Select Sector SPDR by 11.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 48,395 shares of the exchange traded fund’s stock valued at $2,604,000 after acquiring an additional 4,931 shares in the last quarter. CAPROCK Group Inc. acquired a new position in shares of Materials Select Sector SPDR during the second quarter valued at about $229,000. Mechanics Bank Trust Department increased its holdings in shares of Materials Select Sector SPDR by 5.3% during the second quarter. Mechanics Bank Trust Department now owns 21,868 shares of the exchange traded fund’s stock valued at $1,177,000 after acquiring an additional 1,101 shares in the last quarter. Bray Capital Advisors increased its holdings in shares of Materials Select Sector SPDR by 2.3% during the second quarter. Bray Capital Advisors now owns 30,341 shares of the exchange traded fund’s stock valued at $1,633,000 after acquiring an additional 690 shares in the last quarter. Finally, Country Trust Bank increased its holdings in shares of Materials Select Sector SPDR by 0.5% during the second quarter. Country Trust Bank now owns 123,212 shares of the exchange traded fund’s stock valued at $6,630,000 after acquiring an additional 667 shares in the last quarter.

Materials Select Sector SPDR (NYSEARCA XLB) opened at 56.18 on Thursday. Materials Select Sector SPDR has a 12-month low of $45.56 and a 12-month high of $56.39. The stock’s 50 day moving average is $54.61 and its 200 day moving average is $53.52.

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Materials Select Sector SPDR 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.

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Institutional Ownership by Quarter for Materials Select Sector SPDR (NYSEARCA:XLB)

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