Bainco International Investors Has $13.38 Million Holdings in Materials Select Sector SPDR (XLB)

Bainco International Investors raised its holdings in Materials Select Sector SPDR (NYSEARCA:XLB) by 1.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 248,629 shares of the exchange traded fund’s stock after acquiring an additional 4,250 shares during the quarter. Materials Select Sector SPDR accounts for about 2.0% of Bainco International Investors’ holdings, making the stock its 10th biggest position. Bainco International Investors’ holdings in Materials Select Sector SPDR were worth $13,379,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Endurance Wealth Management Inc. lifted its holdings in Materials Select Sector SPDR by 7.8% in the second quarter. Endurance Wealth Management Inc. now owns 2,480 shares of the exchange traded fund’s stock valued at $133,000 after acquiring an additional 180 shares during the period. Private Advisor Group LLC lifted its holdings in Materials Select Sector SPDR 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 acquiring an additional 2,911 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in Materials Select Sector SPDR by 11.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 48,395 shares of the exchange traded fund’s stock valued at $2,604,000 after acquiring an additional 4,931 shares during the period. CAPROCK Group Inc. acquired a new stake in Materials Select Sector SPDR in the second quarter valued at $229,000. Finally, Daiwa Securities Group Inc. lifted its holdings in Materials Select Sector SPDR by 16.0% in the second quarter. Daiwa Securities Group Inc. now owns 2,900 shares of the exchange traded fund’s stock valued at $156,000 after acquiring an additional 400 shares during the period.

Materials Select Sector SPDR (XLB) traded up 0.50% during midday trading on Tuesday, reaching $56.01. The company’s stock had a trading volume of 3,114,217 shares. Materials Select Sector SPDR has a 1-year low of $45.56 and a 1-year high of $56.39. The company’s 50-day moving average price is $54.55 and its 200-day moving average price is $53.48.

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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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