Investors Buy Large Volume of Materials Select Sector SPDR Fund Put Options (NYSEARCA:XLB)

Materials Select Sector SPDR Fund (NYSEARCA:XLB) saw unusually large options trading activity on Thursday. Traders bought 243,245 put options on the stock. This is an increase of 451% compared to the average daily volume of 44,163 put options.

Materials Select Sector SPDR Fund Price Performance

NYSEARCA:XLB opened at $51.35 on Friday. The firm has a 50-day moving average of $50.82 and a 200-day moving average of $47.92. The company has a market cap of $7.31 billion, a PE ratio of 24.55 and a beta of 0.93. Materials Select Sector SPDR Fund has a one year low of $41.46 and a one year high of $54.14.

Institutional Investors Weigh In On Materials Select Sector SPDR Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Turning Point Benefit Group Inc. bought a new stake in Materials Select Sector SPDR Fund in the 4th quarter worth about $25,000. TD Waterhouse Canada Inc. grew its position in Materials Select Sector SPDR Fund by 100.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 578 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 289 shares in the last quarter. Thompson Investment Management Inc. grew its position in Materials Select Sector SPDR Fund by 100.0% in the 4th quarter. Thompson Investment Management Inc. now owns 600 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. Register Financial Advisors LLC grew its position in Materials Select Sector SPDR Fund by 58.9% in the 4th quarter. Register Financial Advisors LLC now owns 588 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 218 shares in the last quarter. Finally, Oak Harbor Wealth Partners LLC grew its position in Materials Select Sector SPDR Fund by 100.0% in the 4th quarter. Oak Harbor Wealth Partners LLC now owns 600 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. 75.78% of the stock is owned by institutional investors.

Materials Select Sector SPDR Fund 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. The Fund’s investment advisor is SSgA Funds Management, Inc