Navellier & Associates Inc Has $3.37 Million Holdings in Materials Select Sector SPDR (XLB)

Navellier & Associates Inc decreased its holdings in shares of Materials Select Sector SPDR (NYSEARCA:XLB) by 3.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,593 shares of the exchange traded fund’s stock after selling 2,415 shares during the period. Navellier & Associates Inc’s holdings in Materials Select Sector SPDR were worth $3,368,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. increased its stake in shares of Materials Select Sector SPDR by 181.6% during the second quarter. Sei Investments Co. now owns 2,320 shares of the exchange traded fund’s stock valued at $125,000 after purchasing an additional 1,496 shares in the last quarter. Endurance Wealth Management Inc. increased its stake in shares of Materials Select Sector SPDR by 7.8% during the second quarter. Endurance Wealth Management Inc. now owns 2,480 shares of the exchange traded fund’s stock valued at $133,000 after purchasing an additional 180 shares in the last quarter. Aviance Capital Management LLC bought a new position in shares of Materials Select Sector SPDR during the second quarter valued at approximately $149,000. Daiwa Securities Group Inc. increased its stake in shares of Materials Select Sector SPDR by 16.0% during the second quarter. Daiwa Securities Group Inc. now owns 2,900 shares of the exchange traded fund’s stock valued at $156,000 after purchasing an additional 400 shares in the last quarter. Finally, Synovus Financial Corp increased its stake in shares of Materials Select Sector SPDR by 17.5% during the second quarter. Synovus Financial Corp now owns 2,952 shares of the exchange traded fund’s stock valued at $159,000 after purchasing an additional 439 shares in the last quarter.

Shares of Materials Select Sector SPDR (NYSEARCA:XLB) traded down 0.317% during midday trading on Monday, hitting $58.165. 1,251,323 shares of the company traded hands. The company has a 50-day moving average price of $56.45 and a 200-day moving average price of $54.34. Materials Select Sector SPDR has a 52 week low of $46.12 and a 52 week high of $58.64.

The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 18th were given a dividend of $0.3019 per share. This is a boost from Materials Select Sector SPDR’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, September 15th. This represents a $1.21 dividend on an annualized basis and a yield of 2.07%.

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Other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. increased its stake in shares of Materials Select Sector SPDR by 181.6% during the second quarter. Sei Investments Co. now owns 2,320 shares of the exchange traded fund’s stock valued at $125,000 after purchasing an additional 1,496 shares in the last quarter. Endurance Wealth Management Inc. increased its stake in shares of Materials Select Sector SPDR by 7.8% during the second quarter. Endurance Wealth Management Inc. now owns 2,480 shares of the exchange traded fund’s stock valued at $133,000 after purchasing an additional 180 shares in the last quarter. Aviance Capital Management LLC bought a new position in shares of Materials Select Sector SPDR during the second quarter valued at approximately $149,000. Daiwa Securities Group Inc. increased its stake in shares of Materials Select Sector SPDR by 16.0% during the second quarter. Daiwa Securities Group Inc. now owns 2,900 shares of the exchange traded fund’s stock valued at $156,000 after purchasing an additional 400 shares in the last quarter. Finally, Synovus Financial Corp increased its stake in shares of Materials Select Sector SPDR by 17.5% during the second quarter. Synovus Financial Corp now owns 2,952 shares of the exchange traded fund’s stock valued at $159,000 after purchasing an additional 439 shares in the last quarter.

Shares of Materials Select Sector SPDR (NYSEARCA:XLB) traded down 0.317% during midday trading on Monday, hitting $58.165. 1,251,323 shares of the company traded hands. The company has a 50-day moving average price of $56.45 and a 200-day moving average price of $54.34. Materials Select Sector SPDR has a 52 week low of $46.12 and a 52 week high of $58.64.

The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 18th were given a dividend of $0.3019 per share. This is a boost from Materials Select Sector SPDR’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, September 15th. This represents a $1.21 dividend on an annualized basis and a yield of 2.07%.

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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.

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

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