Envestnet Asset Management Inc. Lowers Stock Holdings in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Envestnet Asset Management Inc. reduced its position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 2.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 17,884 shares of the exchange traded fund’s stock after selling 469 shares during the period. Envestnet Asset Management Inc. owned about 0.11% of SPDR S&P Homebuilders ETF worth $1,733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Copia Wealth Management purchased a new stake in shares of SPDR S&P Homebuilders ETF during the 4th quarter valued at $25,000. Private Trust Co. NA grew its stake in shares of SPDR S&P Homebuilders ETF by 794.4% during the 1st quarter. Private Trust Co. NA now owns 322 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 286 shares during the period. Concourse Financial Group Securities Inc. grew its stake in shares of SPDR S&P Homebuilders ETF by 50.0% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 300 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 100 shares during the period. Fifth Third Bancorp purchased a new stake in shares of SPDR S&P Homebuilders ETF during the 1st quarter valued at $39,000. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of SPDR S&P Homebuilders ETF by 463.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 671 shares of the exchange traded fund’s stock valued at $70,000 after buying an additional 552 shares during the period.

SPDR S&P Homebuilders ETF Stock Down 2.4%

Shares of NYSEARCA XHB opened at $102.92 on Thursday. SPDR S&P Homebuilders ETF has a 52-week low of $84.48 and a 52-week high of $126.09. The firm has a fifty day moving average of $99.06 and a 200-day moving average of $99.65. The stock has a market capitalization of $1.45 billion, a PE ratio of 11.47 and a beta of 1.32.

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.