Carnegie Capital Asset Management LLC lowered its position in shares of Materials Select Sector SPDR (NYSEARCA:XLB) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,858 shares of the exchange traded fund’s stock after selling 325 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Materials Select Sector SPDR were worth $485,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of XLB. Sei Investments Co. increased its position in shares of Materials Select Sector SPDR by 181.6% during the second quarter. Sei Investments Co. now owns 2,320 shares of the exchange traded fund’s stock worth $125,000 after purchasing an additional 1,496 shares in the last quarter. Endurance Wealth Management Inc. increased its position in Materials Select Sector SPDR by 7.8% in the 2nd quarter. Endurance Wealth Management Inc. now owns 2,480 shares of the exchange traded fund’s stock valued at $133,000 after acquiring an additional 180 shares during the period. Daiwa Securities Group Inc. increased its position in Materials Select Sector SPDR by 16.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,900 shares of the exchange traded fund’s stock valued at $156,000 after acquiring an additional 400 shares during the period. Synovus Financial Corp increased its position in Materials Select Sector SPDR by 17.5% in the 2nd quarter. Synovus Financial Corp now owns 2,952 shares of the exchange traded fund’s stock valued at $159,000 after acquiring an additional 439 shares during the period. Finally, MCF Advisors LLC increased its position in Materials Select Sector SPDR by 0.5% in the 2nd quarter. MCF Advisors LLC now owns 3,360 shares of the exchange traded fund’s stock valued at $181,000 after acquiring an additional 16 shares during the period.

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Shares of Materials Select Sector SPDR (NYSEARCA XLB) remained flat at $56.80 during trading on Friday. 4,144,433 shares of the stock were exchanged. The stock’s 50-day moving average is $54.77 and its 200 day moving average is $53.66. Materials Select Sector SPDR has a 1-year low of $45.56 and a 1-year high of $56.99.

The business also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 18th were given a dividend of $0.3019 per share. This is a boost from Materials Select Sector SPDR’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, September 15th. This represents a $1.21 annualized dividend and a dividend yield of 2.13%.

Materials Select Sector SPDR 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.

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

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