Flinton Capital Management LLC lifted its stake in Materials Select Sector SPDR (NYSEARCA:XLB) by 147.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,304 shares of the exchange traded fund’s stock after acquiring an additional 35,336 shares during the quarter. Flinton Capital Management LLC’s holdings in Materials Select Sector SPDR were worth $3,191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of XLB. AGF Investments Inc. increased its stake in shares of Materials Select Sector SPDR by 760.1% in the second quarter. AGF Investments Inc. now owns 559,677 shares of the exchange traded fund’s stock worth $30,132,000 after acquiring an additional 494,607 shares during the last quarter. IndexIQ Advisors LLC increased its stake in shares of Materials Select Sector SPDR by 1,435.1% in the second quarter. IndexIQ Advisors LLC now owns 320,898 shares of the exchange traded fund’s stock worth $17,267,000 after acquiring an additional 299,994 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Materials Select Sector SPDR by 15.9% in the second quarter. JPMorgan Chase & Co. now owns 797,432 shares of the exchange traded fund’s stock worth $42,911,000 after acquiring an additional 109,540 shares during the last quarter. Hanlon Investment Management Inc. increased its stake in shares of Materials Select Sector SPDR by 522.9% in the second quarter. Hanlon Investment Management Inc. now owns 115,021 shares of the exchange traded fund’s stock worth $6,189,000 after acquiring an additional 96,557 shares during the last quarter. Finally, Sun Life Financial INC increased its stake in shares of Materials Select Sector SPDR by 1,028.6% in the second quarter. Sun Life Financial INC now owns 77,069 shares of the exchange traded fund’s stock worth $4,147,000 after acquiring an additional 70,240 shares during the last quarter.

Materials Select Sector SPDR (XLB) traded up 0.16% during trading on Thursday, reaching $57.77. 551,586 shares of the company’s stock traded hands. Materials Select Sector SPDR has a 12 month low of $45.56 and a 12 month high of $57.96. The firm has a 50 day moving average price of $55.61 and a 200-day moving average price of $54.02.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Monday, September 18th were given a dividend of $0.3019 per share. The ex-dividend date was Friday, September 15th. This is a boost from Materials Select Sector SPDR’s previous quarterly dividend of $0.25. This represents a $1.21 annualized dividend and a yield of 2.09%.

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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.

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

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