Traders Buy Large Volume of Call Options on SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the recipient of some unusual options trading on Thursday. Stock traders acquired 16,838 call options on the stock. This is an increase of approximately 47% compared to the average volume of 11,493 call options.

SPDR S&P Homebuilders ETF Price Performance

Shares of NYSEARCA:XHB opened at $97.60 on Friday. The firm’s 50 day simple moving average is $95.65 and its 200 day simple moving average is $100.36. SPDR S&P Homebuilders ETF has a fifty-two week low of $84.48 and a fifty-two week high of $126.09. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 11.47 and a beta of 1.32.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

Large investors have recently bought and sold shares of the company. Copia Wealth Management bought a new stake in shares of SPDR S&P Homebuilders ETF in the 4th quarter valued at $25,000. Concourse Financial Group Securities Inc. increased its holdings in shares of SPDR S&P Homebuilders ETF by 50.0% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 300 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 100 shares in the last quarter. Private Trust Co. NA raised its position in shares of SPDR S&P Homebuilders ETF by 794.4% during the first quarter. Private Trust Co. NA now owns 322 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 286 shares during the period. Fifth Third Bancorp bought a new position in shares of SPDR S&P Homebuilders ETF during the 1st quarter valued at about $39,000. Finally, Larson Financial Group LLC lifted its holdings in shares of SPDR S&P Homebuilders ETF by 1,873.9% during the 4th quarter. Larson Financial Group LLC now owns 454 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 431 shares in the last quarter.

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.