Materials Select Sector SPDR Fund (NYSEARCA:XLB) Stock Price Crosses Below Two Hundred Day Moving Average of $83.44

Shares of Materials Select Sector SPDR Fund (NYSEARCA:XLB) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $83.44 and traded as low as $81.00. Materials Select Sector SPDR Fund shares last traded at $81.30, with a volume of 7,665,621 shares changing hands.

The firm has a 50-day moving average price of $83.22 and a 200-day moving average price of $83.43.

Several hedge funds and other institutional investors have recently modified their holdings of XLB. Allianz Asset Management GmbH acquired a new stake in shares of Materials Select Sector SPDR Fund in the first quarter worth $9,456,000. Advisor OS LLC acquired a new stake in shares of Materials Select Sector SPDR Fund in the first quarter worth $3,595,000. Pekin Hardy Strauss Inc. boosted its position in shares of Materials Select Sector SPDR Fund by 10.2% in the first quarter. Pekin Hardy Strauss Inc. now owns 9,848 shares of the exchange traded fund’s stock worth $776,000 after buying an additional 910 shares during the period. Solstein Capital LLC boosted its position in shares of Materials Select Sector SPDR Fund by 137.8% in the first quarter. Solstein Capital LLC now owns 6,532 shares of the exchange traded fund’s stock worth $515,000 after buying an additional 3,785 shares during the period. Finally, GM Advisory Group Inc. boosted its position in shares of Materials Select Sector SPDR Fund by 13.4% in the first quarter. GM Advisory Group Inc. now owns 355,373 shares of the exchange traded fund’s stock worth $28,003,000 after buying an additional 42,051 shares during the period.

About Materials Select Sector SPDR Fund (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.

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