Howe & Rusling Inc. Has $38,000 Position in Materials Select Sector SPDR (XLB)

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Howe & Rusling Inc. cut its holdings in Materials Select Sector SPDR (NYSEARCA:XLB) by 91.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 745 shares of the exchange traded fund’s stock after selling 8,320 shares during the period. Howe & Rusling Inc.’s holdings in Materials Select Sector SPDR were worth $38,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in XLB. Morgan Stanley boosted its holdings in Materials Select Sector SPDR by 71.7% in the 3rd quarter. Morgan Stanley now owns 5,988,878 shares of the exchange traded fund’s stock valued at $346,936,000 after purchasing an additional 2,501,163 shares during the period. BlackRock Inc. boosted its holdings in Materials Select Sector SPDR by 53.3% in the 3rd quarter. BlackRock Inc. now owns 837,394 shares of the exchange traded fund’s stock valued at $48,511,000 after purchasing an additional 291,155 shares during the period. JPMorgan Chase & Co. boosted its holdings in Materials Select Sector SPDR by 419.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 645,320 shares of the exchange traded fund’s stock valued at $37,383,000 after purchasing an additional 521,164 shares during the period. AGF Investments Inc. boosted its holdings in Materials Select Sector SPDR by 55.7% in the 3rd quarter. AGF Investments Inc. now owns 614,584 shares of the exchange traded fund’s stock valued at $35,603,000 after purchasing an additional 219,756 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Materials Select Sector SPDR by 886.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 578,573 shares of the exchange traded fund’s stock valued at $33,517,000 after purchasing an additional 519,942 shares during the period.

Shares of Materials Select Sector SPDR stock traded down $0.05 on Friday, hitting $52.70. 4,521,382 shares of the company traded hands, compared to its average volume of 7,652,503. Materials Select Sector SPDR has a 12-month low of $47.05 and a 12-month high of $61.74.

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Materials Select Sector SPDR 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.

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

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