Investment Centers of America Inc. lifted its position in Materials Select Sector SPDR (NYSEARCA:XLB) by 11.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,581 shares of the exchange traded fund’s stock after purchasing an additional 679 shares during the quarter. Investment Centers of America Inc.’s holdings in Materials Select Sector SPDR were worth $355,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. KCM Investment Advisors LLC increased its holdings in shares of Materials Select Sector SPDR by 28.2% in the second quarter. KCM Investment Advisors LLC now owns 57,168 shares of the exchange traded fund’s stock worth $3,076,000 after purchasing an additional 12,561 shares during the period. Chemical Bank bought a new position in shares of Materials Select Sector SPDR in the second quarter worth $204,000. Associated Banc Corp increased its holdings in shares of Materials Select Sector SPDR by 9.2% in the second quarter. Associated Banc Corp now owns 9,332 shares of the exchange traded fund’s stock worth $502,000 after purchasing an additional 790 shares during the period. Bainco International Investors increased its holdings in shares of Materials Select Sector SPDR by 1.7% in the second quarter. Bainco International Investors now owns 248,629 shares of the exchange traded fund’s stock worth $13,379,000 after purchasing an additional 4,250 shares during the period. Finally, Capital Wealth Planning LLC bought a new position in shares of Materials Select Sector SPDR in the second quarter worth $1,715,000.

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Materials Select Sector SPDR (NYSEARCA XLB) opened at 56.38 on Tuesday. Materials Select Sector SPDR has a 12 month low of $45.56 and a 12 month high of $56.46. The company has a 50-day moving average of $54.71 and a 200 day moving average of $53.63.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 18th will be given a dividend of $0.3019 per share. This represents a $1.21 annualized dividend and a dividend yield of 2.14%. This is an increase from Materials Select Sector SPDR’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, September 15th.

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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