HB Wealth Management LLC Sells 1,084 Shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

HB Wealth Management LLC lessened its holdings in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 24.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,400 shares of the exchange traded fund’s stock after selling 1,084 shares during the quarter. HB Wealth Management LLC’s holdings in SPDR S&P Homebuilders ETF were worth $329,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of XHB. BNP Paribas Financial Markets increased its stake in SPDR S&P Homebuilders ETF by 66.5% during the 4th quarter. BNP Paribas Financial Markets now owns 760,136 shares of the exchange traded fund’s stock worth $79,434,000 after purchasing an additional 303,539 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of SPDR S&P Homebuilders ETF in the fourth quarter valued at about $43,362,000. FIL Ltd raised its holdings in SPDR S&P Homebuilders ETF by 8,832.7% in the 4th quarter. FIL Ltd now owns 343,819 shares of the exchange traded fund’s stock valued at $35,929,000 after acquiring an additional 339,970 shares during the period. Wells Fargo & Company MN boosted its stake in SPDR S&P Homebuilders ETF by 29.8% in the 4th quarter. Wells Fargo & Company MN now owns 142,716 shares of the exchange traded fund’s stock valued at $14,914,000 after purchasing an additional 32,769 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of SPDR S&P Homebuilders ETF by 31.6% in the fourth quarter. Royal Bank of Canada now owns 135,666 shares of the exchange traded fund’s stock valued at $14,178,000 after acquiring an additional 32,569 shares in the last quarter.

SPDR S&P Homebuilders ETF Trading Up 1.9%

NYSEARCA XHB opened at $103.86 on Friday. The company has a 50 day moving average of $99.53 and a 200-day moving average of $99.64. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 11.47 and a beta of 1.32. SPDR S&P Homebuilders ETF has a 1-year low of $84.48 and a 1-year high of $126.09.

SPDR S&P Homebuilders ETF 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.