Analyst IMS Investment Management Services Ltd. Sells 1,319 Shares of Materials Select Sector SPDR (XLB)

Analyst IMS Investment Management Services Ltd. cut its position in shares of Materials Select Sector SPDR (NYSEARCA:XLB) by 16.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,938 shares of the exchange traded fund’s stock after selling 1,319 shares during the quarter. Analyst IMS Investment Management Services Ltd.’s holdings in Materials Select Sector SPDR were worth $420,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerebellum GP LLC purchased a new stake in shares of Materials Select Sector SPDR during the fourth quarter worth about $130,000. Valeo Financial Advisors LLC purchased a new stake in shares of Materials Select Sector SPDR during the third quarter worth about $181,000. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Materials Select Sector SPDR during the fourth quarter worth about $206,000. Moloney Securities Asset Management LLC purchased a new stake in shares of Materials Select Sector SPDR during the fourth quarter worth about $206,000. Finally, Cedar Capital LLC purchased a new stake in shares of Materials Select Sector SPDR during the fourth quarter worth about $220,000.

Shares of Materials Select Sector SPDR (XLB) opened at $59.60 on Tuesday. The company has a market cap of $5,110.00 and a PE ratio of -8.00. Materials Select Sector SPDR has a twelve month low of $51.04 and a twelve month high of $64.17.

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Materials Select Sector SPDR 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.

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

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