Rockland Trust Co. raised its stake in Materials Select Sector SPDR (NYSEARCA:XLB) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 10,189 shares of the exchange traded fund’s stock after buying an additional 25 shares during the period. Rockland Trust Co.’s holdings in Materials Select Sector SPDR were worth $548,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in XLB. MV Capital Management Inc. increased its stake in shares of Materials Select Sector SPDR by 771.1% in the second quarter. MV Capital Management Inc. now owns 16,916 shares of the exchange traded fund’s stock valued at $910,000 after buying an additional 14,974 shares in the last quarter. Endurance Wealth Management Inc. increased its stake in shares of Materials Select Sector SPDR by 7.8% in the second quarter. Endurance Wealth Management Inc. now owns 2,480 shares of the exchange traded fund’s stock valued at $133,000 after buying an additional 180 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Materials Select Sector SPDR by 7.1% in the second quarter. Stratos Wealth Partners LTD. now owns 7,993 shares of the exchange traded fund’s stock valued at $430,000 after buying an additional 527 shares in the last quarter. Sei Investments Co. increased its stake in shares of Materials Select Sector SPDR by 181.6% in the second quarter. Sei Investments Co. now owns 2,320 shares of the exchange traded fund’s stock valued at $125,000 after buying an additional 1,496 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of Materials Select Sector SPDR by 16.0% in the second quarter. Daiwa Securities Group Inc. now owns 2,900 shares of the exchange traded fund’s stock valued at $156,000 after buying an additional 400 shares in the last quarter.

Materials Select Sector SPDR (XLB) opened at 54.23 on Thursday. The firm has a 50-day moving average price of $54.58 and a 200-day moving average price of $53.14. Materials Select Sector SPDR has a one year low of $45.56 and a one year high of $55.92.

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About Materials Select Sector SPDR

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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