Materials Select Sector SPDR ETF (XLB) Shares Sold by ProVise Management Group LLC

ProVise Management Group LLC decreased its stake in Materials Select Sector SPDR ETF (NYSEARCA:XLB) by 77.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,725 shares of the exchange traded fund’s stock after selling 20,064 shares during the quarter. ProVise Management Group LLC’s holdings in Materials Select Sector SPDR ETF were worth $325,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. AGF Investments Inc. boosted its stake in shares of Materials Select Sector SPDR ETF by 760.1% in the second quarter. AGF Investments Inc. now owns 559,677 shares of the exchange traded fund’s stock worth $30,132,000 after buying an additional 494,607 shares during the last quarter. Swan Global Investments LLC raised its holdings in shares of Materials Select Sector SPDR ETF by 6.2% during the third quarter. Swan Global Investments LLC now owns 7,092,240 shares of the exchange traded fund’s stock valued at $402,839,000 after acquiring an additional 411,014 shares during the last quarter. IndexIQ Advisors LLC raised its holdings in shares of Materials Select Sector SPDR ETF by 1,435.1% during the second quarter. IndexIQ Advisors LLC now owns 320,898 shares of the exchange traded fund’s stock valued at $17,267,000 after acquiring an additional 299,994 shares during the last quarter. State Street Corp acquired a new position in shares of Materials Select Sector SPDR ETF during the second quarter valued at approximately $14,811,000. Finally, Brookstone Capital Management acquired a new position in shares of Materials Select Sector SPDR ETF during the third quarter valued at approximately $9,297,000.

Materials Select Sector SPDR ETF (NYSEARCA:XLB) traded up $0.40 on Thursday, hitting $59.43. The stock had a trading volume of 3,580,298 shares, compared to its average volume of 4,315,810. Materials Select Sector SPDR ETF has a 1-year low of $49.50 and a 1-year high of $60.17.

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About Materials Select Sector SPDR ETF

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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