Materials Select Sector SPDR Fund Sees Unusually High Options Volume (NYSEARCA:XLB)

Materials Select Sector SPDR Fund (NYSEARCA:XLB) was the target of some unusual options trading activity on Thursday. Investors bought 182,547 put options on the company. This is an increase of approximately 288% compared to the typical volume of 47,050 put options.

Materials Select Sector SPDR Fund Stock Performance

Shares of XLB traded down $0.00 during trading hours on Thursday, reaching $49.72. 3,503,227 shares of the company traded hands, compared to its average volume of 15,372,992. The stock’s fifty day moving average is $50.58 and its 200 day moving average is $48.56. The stock has a market cap of $7.08 billion, a P/E ratio of 24.55 and a beta of 0.93. Materials Select Sector SPDR Fund has a 1-year low of $42.03 and a 1-year high of $54.14.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Main Street Group LTD acquired a new position in shares of Materials Select Sector SPDR Fund during the first quarter valued at about $25,000. UMB Bank n.a. raised its position in shares of Materials Select Sector SPDR Fund by 143.9% during the third quarter. UMB Bank n.a. now owns 517 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 305 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Materials Select Sector SPDR Fund during the first quarter valued at about $26,000. SBI Securities Co. Ltd. raised its position in shares of Materials Select Sector SPDR Fund by 46.8% during the third quarter. SBI Securities Co. Ltd. now owns 533 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 170 shares during the last quarter. Finally, Turning Point Benefit Group Inc. acquired a new position in Materials Select Sector SPDR Fund in the fourth quarter worth about $25,000. Institutional investors and hedge funds own 75.78% of the company’s stock.

Materials Select Sector SPDR Fund 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. The Fund’s investment advisor is SSgA Funds Management, Inc