Ameriprise Financial Inc. trimmed its position in Materials Select Sector SPDR ETF (NYSEARCA:XLB) by 18.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,585 shares of the exchange traded fund’s stock after selling 50,377 shares during the quarter. Ameriprise Financial Inc. owned 0.29% of Materials Select Sector SPDR ETF worth $12,750,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Private Advisor Group LLC increased its stake in shares of Materials Select Sector SPDR ETF by 6.6% in the second quarter. Private Advisor Group LLC now owns 47,113 shares of the exchange traded fund’s stock valued at $2,566,000 after buying an additional 2,911 shares during the period. Brookstone Capital Management bought a new position in Materials Select Sector SPDR ETF in the third quarter worth approximately $9,297,000. Timber Hill LLC boosted its holdings in Materials Select Sector SPDR ETF by 276.5% in the second quarter. Timber Hill LLC now owns 40,060 shares of the exchange traded fund’s stock worth $2,156,000 after acquiring an additional 62,754 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Materials Select Sector SPDR ETF by 9.5% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 52,969 shares of the exchange traded fund’s stock worth $3,009,000 after acquiring an additional 4,574 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in Materials Select Sector SPDR ETF by 6.1% in the second quarter. Stifel Financial Corp now owns 136,609 shares of the exchange traded fund’s stock worth $7,336,000 after acquiring an additional 7,903 shares in the last quarter.

Shares of Materials Select Sector SPDR ETF (XLB) traded up $0.62 during trading on Monday, reaching $59.70. The company had a trading volume of 5,028,900 shares, compared to its average volume of 4,331,837. Materials Select Sector SPDR ETF has a 1-year low of $49.50 and a 1-year high of $60.17.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th will be given a $0.2879 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Friday, December 15th. Materials Select Sector SPDR ETF’s dividend payout ratio is currently -14.09%.

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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.

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

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