Materials Select Sector SPDR Fund (NYSEARCA:XLB) Sets New 1-Year High at $94.42

Shares of Materials Select Sector SPDR Fund (NYSEARCA:XLB) reached a new 52-week high during trading on Tuesday . The company traded as high as $94.42 and last traded at $94.31, with a volume of 686413 shares traded. The stock had previously closed at $93.55.

Materials Select Sector SPDR Fund Trading Up 0.2 %

The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 17.15 and a beta of 0.89. The firm’s 50-day moving average is $90.84 and its two-hundred day moving average is $90.47.

Hedge Funds Weigh In On Materials Select Sector SPDR Fund

Hedge funds have recently made changes to their positions in the company. GoalVest Advisory LLC acquired a new position in Materials Select Sector SPDR Fund in the 1st quarter valued at $28,000. Woodmont Investment Counsel LLC acquired a new stake in shares of Materials Select Sector SPDR Fund in the first quarter valued at about $32,000. Solstein Capital LLC purchased a new position in shares of Materials Select Sector SPDR Fund in the second quarter worth about $40,000. Lynx Investment Advisory acquired a new position in Materials Select Sector SPDR Fund during the second quarter worth about $59,000. Finally, Hantz Financial Services Inc. acquired a new position in Materials Select Sector SPDR Fund during the second quarter worth about $59,000.

About Materials Select Sector SPDR Fund

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.