Investors Purchase High Volume of SPDR S&P Homebuilders ETF Call Options (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) saw some unusual options trading on Friday. Stock traders purchased 20,509 call options on the stock. Thisisanincreaseofapproximately67% compared to the typical volume of 12,273 call options.

Hedge Funds Weigh In On SPDR S&P Homebuilders ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Concourse Financial Group Securities Inc. boosted its holdings in 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 valued at $33,000 after acquiring an additional 100 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of SPDR S&P Homebuilders ETF by 3.0% in the 1st quarter. Atria Wealth Solutions Inc. now owns 4,123 shares of the exchange traded fund’s stock worth $400,000 after purchasing an additional 122 shares during the period. Lyell Wealth Management LP boosted its stake in shares of SPDR S&P Homebuilders ETF by 1.8% in the 1st quarter. Lyell Wealth Management LP now owns 7,125 shares of the exchange traded fund’s stock valued at $690,000 after purchasing an additional 125 shares during the last quarter. Magnus Financial Group LLC boosted its stake in shares of SPDR S&P Homebuilders ETF by 7.1% in the 1st quarter. Magnus Financial Group LLC now owns 2,893 shares of the exchange traded fund’s stock valued at $280,000 after purchasing an additional 193 shares during the last quarter. Finally, HB Wealth Management LLC increased its position in shares of SPDR S&P Homebuilders ETF by 5.9% during the second quarter. HB Wealth Management LLC now owns 3,600 shares of the exchange traded fund’s stock worth $355,000 after buying an additional 200 shares during the period.

SPDR S&P Homebuilders ETF Price Performance

SPDR S&P Homebuilders ETF stock opened at $103.86 on Friday. The business has a 50 day moving average of $99.53 and a 200-day moving average of $99.64. The company has a market capitalization of $1.46 billion, a P/E 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 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.