Lockheed Martin Investment Management Co. Has $26.71 Million Stake in Materials Select Sector SPDR (XLB)

Lockheed Martin Investment Management Co. cut its stake in shares of Materials Select Sector SPDR (NYSEARCA:XLB) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 470,180 shares of the exchange traded fund’s stock after selling 12,000 shares during the quarter. Materials Select Sector SPDR comprises approximately 1.4% of Lockheed Martin Investment Management Co.’s portfolio, making the stock its 17th biggest position. Lockheed Martin Investment Management Co. owned approximately 0.62% of Materials Select Sector SPDR worth $26,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Montag A & Associates Inc. bought a new position in shares of Materials Select Sector SPDR during the third quarter valued at $1,724,000. Keybank National Association OH increased its holdings in shares of Materials Select Sector SPDR by 7.6% during the third quarter. Keybank National Association OH now owns 13,238 shares of the exchange traded fund’s stock valued at $752,000 after acquiring an additional 940 shares in the last quarter. Biltmore Wealth Management LLC increased its holdings in Materials Select Sector SPDR by 10.7% in the 3rd quarter. Biltmore Wealth Management LLC now owns 142,525 shares of the exchange traded fund’s stock worth $8,095,000 after buying an additional 13,776 shares in the last quarter. USA Financial Portformulas Corp increased its holdings in Materials Select Sector SPDR by 23.8% in the 3rd quarter. USA Financial Portformulas Corp now owns 4,677 shares of the exchange traded fund’s stock worth $266,000 after buying an additional 900 shares in the last quarter. Finally, Forward Management LLC increased its holdings in Materials Select Sector SPDR by 1,464.9% in the 3rd quarter. Forward Management LLC now owns 69,090 shares of the exchange traded fund’s stock worth $3,924,000 after buying an additional 64,675 shares in the last quarter.

Materials Select Sector SPDR (NYSEARCA XLB) traded up $0.30 during midday trading on Tuesday, reaching $58.41. The company had a trading volume of 2,704,200 shares, compared to its average volume of 4,301,555. Materials Select Sector SPDR has a 52 week low of $47.89 and a 52 week high of $59.62.

TRADEMARK VIOLATION NOTICE: “Lockheed Martin Investment Management Co. Has $26.71 Million Stake in Materials Select Sector SPDR (XLB)” was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://sportsperspectives.com/2017/11/14/lockheed-martin-investment-management-co-has-26-71-million-stake-in-materials-select-sector-spdr-xlb.html.

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.

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

Receive News & Ratings for Materials Select Sector SPDR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materials Select Sector SPDR and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply