WFG Advisors LP grew its stake in Materials Select Sector SPDR (NYSEARCA:XLB) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,842 shares of the exchange traded fund’s stock after purchasing an additional 81 shares during the quarter. WFG Advisors LP’s holdings in Materials Select Sector SPDR were worth $207,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. MCF Advisors LLC raised its stake in shares of Materials Select Sector SPDR by 0.5% in the 2nd quarter. MCF Advisors LLC now owns 3,360 shares of the exchange traded fund’s stock valued at $181,000 after purchasing an additional 16 shares in the last quarter. Windsor Capital Management LLC raised its stake in shares of Materials Select Sector SPDR by 0.3% in the 2nd quarter. Windsor Capital Management LLC now owns 11,498 shares of the exchange traded fund’s stock valued at $618,000 after purchasing an additional 30 shares in the last quarter. People s United Financial Inc. raised its stake in shares of Materials Select Sector SPDR by 0.5% in the 2nd quarter. People s United Financial Inc. now owns 7,692 shares of the exchange traded fund’s stock valued at $414,000 after purchasing an additional 37 shares in the last quarter. Banque Pictet & Cie SA raised its stake in shares of Materials Select Sector SPDR by 0.7% in the 2nd quarter. Banque Pictet & Cie SA now owns 5,541 shares of the exchange traded fund’s stock valued at $298,000 after purchasing an additional 41 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Materials Select Sector SPDR in the 2nd quarter valued at about $4,849,000.

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Shares of Materials Select Sector SPDR (NYSEARCA XLB) traded down 0.43% during midday trading on Thursday, hitting $57.77. 580,617 shares of the stock were exchanged. The stock’s 50 day moving average is $56.72 and its 200 day moving average is $54.45. Materials Select Sector SPDR has a 12-month low of $46.12 and a 12-month high of $58.64.

The business also recently declared a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Monday, September 18th were given a $0.3019 dividend. This represents a $1.21 annualized dividend and a yield of 2.08%. This is a positive change from Materials Select Sector SPDR’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, September 15th.

Materials Select Sector SPDR 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.

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

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