Loeb Partners Corp purchased a new position in shares of Materials Select Sector SPDR (NYSEARCA:XLB) during the 4th quarter, Holdings Channel reports. The firm purchased 65,750 shares of the exchange traded fund’s stock, valued at approximately $3,980,000. Materials Select Sector SPDR accounts for about 1.2% of Loeb Partners Corp’s holdings, making the stock its 29th biggest position.

Other large investors have also recently added to or reduced their stakes in the company. Patten Group Inc. grew its holdings in shares of Materials Select Sector SPDR by 2,849.5% during the third quarter. Patten Group Inc. now owns 55,037 shares of the exchange traded fund’s stock worth $105,000 after purchasing an additional 53,171 shares during the last quarter. Cerebellum GP LLC bought a new stake in shares of Materials Select Sector SPDR during the fourth quarter worth about $130,000. Valeo Financial Advisors LLC bought a new stake in shares of Materials Select Sector SPDR during the third quarter worth about $181,000. USA Financial Portformulas Corp bought a new stake in shares of Materials Select Sector SPDR during the second quarter worth about $203,000. Finally, Ferguson Wellman Capital Management Inc. bought a new stake in shares of Materials Select Sector SPDR during the fourth quarter worth about $206,000.

Shares of Materials Select Sector SPDR (XLB) opened at $60.05 on Wednesday. The firm has a market capitalization of $5,260.00 and a PE ratio of -8.06. Materials Select Sector SPDR has a twelve month low of $51.04 and a twelve month high of $64.17.

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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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