Brookstone Capital Management Sells 20,600 Shares of Materials Select Sector SPDR (XLB)

Brookstone Capital Management cut its holdings in Materials Select Sector SPDR (NYSEARCA:XLB) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,082 shares of the exchange traded fund’s stock after selling 20,600 shares during the period. Materials Select Sector SPDR makes up 0.8% of Brookstone Capital Management’s investment portfolio, making the stock its 25th biggest holding. Brookstone Capital Management’s holdings in Materials Select Sector SPDR were worth $8,661,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Patten Group Inc. boosted its holdings in Materials Select Sector SPDR by 2,849.5% in the third quarter. Patten Group Inc. now owns 55,037 shares of the exchange traded fund’s stock worth $105,000 after purchasing an additional 53,171 shares in the last quarter. Cerebellum GP LLC bought a new stake in Materials Select Sector SPDR in the fourth quarter worth $130,000. Valeo Financial Advisors LLC bought a new stake in Materials Select Sector SPDR in the third quarter worth $181,000. USA Financial Portformulas Corp bought a new stake in Materials Select Sector SPDR in the second quarter worth $203,000. Finally, Ferguson Wellman Capital Management Inc. bought a new stake in Materials Select Sector SPDR in the fourth quarter worth $206,000.

Shares of Materials Select Sector SPDR (XLB) opened at $58.42 on Monday. The stock has a market cap of $5,130.00 and a price-to-earnings ratio of -7.84. Materials Select Sector SPDR has a fifty-two week low of $51.04 and a fifty-two week 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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