DuPont is not the only XLB holding that has drawn the interest of an activist investor. Third Point’s Daniel Loeb is pushing Dow Chemical (NYSE: DOW) to separate its agriculture and specialty chemicals businesses. Dow is XLB’s largest holding at a weight of 10.4%.
The $921.9 million iShares U.S. Basic Materials ETF (NYSEArca: IYM), which has an 8.7% weight to DuPont, is up nearly 1% today.
Materials Select Sector SPDR
ETF Trends editorial team contributed to this post.