Materials Select Sector SPDR Fund (NYSEARCA:XLB) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Materials Select Sector SPDR Fund (NYSEARCA:XLB) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $90.59 and traded as low as $84.73. Materials Select Sector SPDR Fund shares last traded at $85.79, with a volume of 8,403,331 shares traded.

Materials Select Sector SPDR Fund Stock Down 1.0 %

The company has a 50 day simple moving average of $88.06 and a two-hundred day simple moving average of $90.58. The company has a market capitalization of $5.39 billion, a P/E ratio of 25.16 and a beta of 1.09.

Institutional Investors Weigh In On Materials Select Sector SPDR Fund

Several large investors have recently added to or reduced their stakes in the stock. Citizens Financial Group Inc. RI grew its stake in shares of Materials Select Sector SPDR Fund by 8.1% during the third quarter. Citizens Financial Group Inc. RI now owns 15,646 shares of the exchange traded fund’s stock valued at $1,508,000 after buying an additional 1,173 shares during the last quarter. Great Valley Advisor Group Inc. grew its stake in shares of Materials Select Sector SPDR Fund by 0.9% during the third quarter. Great Valley Advisor Group Inc. now owns 44,913 shares of the exchange traded fund’s stock valued at $4,329,000 after buying an additional 388 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in shares of Materials Select Sector SPDR Fund by 2,384.3% during the third quarter. Kingsview Wealth Management LLC now owns 279,407 shares of the exchange traded fund’s stock valued at $26,929,000 after buying an additional 268,160 shares during the last quarter. Centaurus Financial Inc. grew its stake in shares of Materials Select Sector SPDR Fund by 0.5% during the third quarter. Centaurus Financial Inc. now owns 42,669 shares of the exchange traded fund’s stock valued at $4,112,000 after buying an additional 213 shares during the last quarter. Finally, Capital Investment Counsel LLC grew its stake in shares of Materials Select Sector SPDR Fund by 19.9% during the third quarter. Capital Investment Counsel LLC now owns 3,389 shares of the exchange traded fund’s stock valued at $327,000 after buying an additional 563 shares during the last quarter.

About Materials Select Sector SPDR Fund

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.