M&T Bank Corp purchased a new stake in Materials Select Sector SPDR (NYSEARCA:XLB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,120 shares of the exchange traded fund’s stock, valued at approximately $276,000.

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

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Shares of Materials Select Sector SPDR (XLB) opened at 58.07 on Friday. Materials Select Sector SPDR has a 1-year low of $46.12 and a 1-year high of $58.15. The firm’s 50-day moving average is $56.28 and its 200 day moving average is $54.26.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Monday, September 18th were issued 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 dividend on an annualized basis and a dividend yield of 2.08%.

About Materials Select Sector SPDR

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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