Biltmore Wealth Management LLC lowered its position in Materials Select Sector SPDR (NYSEARCA:XLB) by 29.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,749 shares of the exchange traded fund’s stock after selling 53,555 shares during the period. Materials Select Sector SPDR makes up approximately 7.8% of Biltmore Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. Biltmore Wealth Management LLC’s holdings in Materials Select Sector SPDR were worth $6,928,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Materials Select Sector SPDR by 147.8% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 26,195 shares of the exchange traded fund’s stock valued at $1,408,000 after buying an additional 15,622 shares in the last quarter. MV Capital Management Inc. boosted its stake in 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 during the period. Endurance Wealth Management Inc. boosted its stake in 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 during the period. Stratos Wealth Partners LTD. boosted its stake in 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 during the period. Finally, Sei Investments Co. boosted its stake in 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 during the period.

Materials Select Sector SPDR (NYSEARCA XLB) opened at 53.61 on Friday. Materials Select Sector SPDR has a 12-month low of $45.56 and a 12-month high of $55.92. The company has a 50-day moving average price of $54.58 and a 200-day moving average price of $53.14.

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Materials Select Sector SPDR 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.

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Institutional Ownership by Quarter for Materials Select Sector SPDR (NYSEARCA:XLB)

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