International Assets Investment Management LLC Makes New $6 Million Investment in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

International Assets Investment Management LLC acquired a new position in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) in the 4th quarter, Holdings Channel.com reports. The fund acquired 62,673 shares of the exchange traded fund’s stock, valued at approximately $5,995,000.

Several other institutional investors and hedge funds also recently bought and sold shares of XHB. Orion Portfolio Solutions LLC lifted its position in shares of SPDR S&P Homebuilders ETF by 10.5% during the third quarter. Orion Portfolio Solutions LLC now owns 8,382 shares of the exchange traded fund’s stock worth $642,000 after purchasing an additional 798 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of SPDR S&P Homebuilders ETF by 1,055.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 288,641 shares of the exchange traded fund’s stock worth $27,611,000 after purchasing an additional 263,659 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of SPDR S&P Homebuilders ETF by 5,676.7% during the fourth quarter. Global Retirement Partners LLC now owns 8,665 shares of the exchange traded fund’s stock worth $812,000 after purchasing an additional 8,515 shares during the last quarter. Affinity Wealth Management LLC lifted its position in shares of SPDR S&P Homebuilders ETF by 14.8% during the fourth quarter. Affinity Wealth Management LLC now owns 268,294 shares of the exchange traded fund’s stock worth $25,665,000 after purchasing an additional 34,508 shares during the last quarter. Finally, BKM Wealth Management LLC bought a new stake in shares of SPDR S&P Homebuilders ETF during the fourth quarter worth $48,000.

SPDR S&P Homebuilders ETF Trading Down 1.3 %

NYSEARCA:XHB opened at $102.88 on Tuesday. SPDR S&P Homebuilders ETF has a twelve month low of $67.07 and a twelve month high of $111.96. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 15.54 and a beta of 1.38. The stock has a fifty day simple moving average of $104.30 and a 200-day simple moving average of $91.89.

SPDR S&P Homebuilders ETF Company Profile

SPDR S&P Homebuilders ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Homebuilders Select Industry Index. The S&P Homebuilders Select Industry Index represents the homebuilding sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.