Tower Research Capital LLC TRC lifted its position in shares of Materials Select Sector SPDR (NYSEARCA:XLB) by 34,364.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,856 shares of the exchange traded fund’s stock after purchasing an additional 137,456 shares during the period. Materials Select Sector SPDR comprises about 0.8% of Tower Research Capital LLC TRC’s holdings, making the stock its 20th largest position. Tower Research Capital LLC TRC’s holdings in Materials Select Sector SPDR were worth $7,418,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in Materials Select Sector SPDR by 9.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 56,811 shares of the exchange traded fund’s stock valued at $3,056,000 after acquiring an additional 4,986 shares during the period. Simmons Bank increased its position in Materials Select Sector SPDR by 1.1% in the 2nd quarter. Simmons Bank now owns 20,538 shares of the exchange traded fund’s stock valued at $1,105,000 after acquiring an additional 219 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in Materials Select Sector SPDR by 32.3% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 125,036 shares of the exchange traded fund’s stock valued at $6,728,000 after acquiring an additional 30,550 shares during the period. Gyroscope Capital Management Group LLC acquired a new position in Materials Select Sector SPDR in the 2nd quarter valued at about $255,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Materials Select Sector SPDR in the 2nd quarter valued at about $492,000.

Shares of Materials Select Sector SPDR (NYSEARCA XLB) traded down 0.22% during trading on Friday, reaching $57.90. The company had a trading volume of 2,631,175 shares. Materials Select Sector SPDR has a 52-week low of $45.56 and a 52-week high of $58.03. The stock has a 50 day moving average of $55.83 and a 200 day moving average of $54.09.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 18th were paid a dividend of $0.3019 per share. This is a positive change from Materials Select Sector SPDR’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, September 15th. 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.

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

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