Materials Select Sector SPDR Fund (NYSEARCA:XLB) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $56.60 and traded as low as $58.81. Materials Select Sector SPDR Fund shares last traded at $59.23, with a volume of 330,491 shares changing hands.

The stock has a 50 day moving average price of $57.07 and a 200 day moving average price of $56.60.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Roble Belko & Company Inc acquired a new stake in Materials Select Sector SPDR Fund in the second quarter valued at $25,000. AdvisorNet Financial Inc increased its holdings in Materials Select Sector SPDR Fund by 110.0% in the second quarter. AdvisorNet Financial Inc now owns 632 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 331 shares during the period. Glen Harbor Capital Management LLC increased its holdings in Materials Select Sector SPDR Fund by 5,100.0% in the second quarter. Glen Harbor Capital Management LLC now owns 832 shares of the exchange traded fund’s stock valued at $49,000 after purchasing an additional 816 shares during the period. Meridian Wealth Management LLC acquired a new stake in Materials Select Sector SPDR Fund in the first quarter valued at $54,000. Finally, Signaturefd LLC increased its holdings in Materials Select Sector SPDR Fund by 238.0% in the second quarter. Signaturefd LLC now owns 1,014 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 714 shares during the period.

Materials Select Sector SPDR Fund Company Profile (NYSEARCA:XLB)

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.

Recommended Story: Technical Analysis of Stocks and What It Means

Receive News & Ratings for Materials Select Sector SPDR Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materials Select Sector SPDR Fund and related companies with MarketBeat.com's FREE daily email newsletter.