Bank of New York Mellon Corp Grows Holdings in Materials Select Sector SPDR ETF (XLB)

Bank of New York Mellon Corp raised its holdings in shares of Materials Select Sector SPDR ETF (NYSEARCA:XLB) by 18.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,211 shares of the exchange traded fund’s stock after purchasing an additional 2,684 shares during the period. Bank of New York Mellon Corp’s holdings in Materials Select Sector SPDR ETF were worth $978,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in XLB. Legal & General Group Plc raised its position in shares of Materials Select Sector SPDR ETF by 4.8% in the 2nd quarter. Legal & General Group Plc now owns 26,434 shares of the exchange traded fund’s stock valued at $1,422,000 after acquiring an additional 1,200 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Materials Select Sector SPDR ETF in the 2nd quarter valued at approximately $258,000. JPMorgan Chase & Co. raised its position in shares of Materials Select Sector SPDR ETF by 15.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 797,432 shares of the exchange traded fund’s stock valued at $42,911,000 after acquiring an additional 109,540 shares during the period. Riverhead Capital Management LLC acquired a new stake in shares of Materials Select Sector SPDR ETF in the 2nd quarter valued at approximately $1,704,000. Finally, Associated Banc Corp raised its position in shares of Materials Select Sector SPDR ETF by 9.2% in the 2nd quarter. Associated Banc Corp now owns 9,332 shares of the exchange traded fund’s stock valued at $502,000 after acquiring an additional 790 shares during the period.

Shares of Materials Select Sector SPDR ETF (NYSEARCA XLB) opened at $63.39 on Friday. The company has a market cap of $5,400.00 and a P/E ratio of -8.51. Materials Select Sector SPDR ETF has a fifty-two week low of $50.45 and a fifty-two week high of $63.56.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th were issued a dividend of $0.2879 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.15 annualized dividend and a yield of 1.82%. Materials Select Sector SPDR ETF’s dividend payout ratio (DPR) is currently -13.56%.

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Materials Select Sector SPDR ETF 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 ETF (NYSEARCA:XLB)

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