Baird Financial Group Inc. Trims Stock Position in SPDR S&P Homebuilders ETF $XHB

Baird Financial Group Inc. cut its stake in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,634 shares of the exchange traded fund’s stock after selling 214 shares during the quarter. Baird Financial Group Inc. owned approximately 0.07% of SPDR S&P Homebuilders ETF worth $934,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Atria Wealth Solutions Inc. increased its position in shares of SPDR S&P Homebuilders ETF by 3.0% during the first quarter. Atria Wealth Solutions Inc. now owns 4,123 shares of the exchange traded fund’s stock worth $400,000 after acquiring an additional 122 shares during the period. Lyell Wealth Management LP boosted its position in SPDR S&P Homebuilders ETF by 1.8% during the 1st quarter. Lyell Wealth Management LP now owns 7,125 shares of the exchange traded fund’s stock valued at $690,000 after acquiring an additional 125 shares in the last quarter. Magnus Financial Group LLC boosted its position in SPDR S&P Homebuilders ETF by 7.1% during the 1st quarter. Magnus Financial Group LLC now owns 2,893 shares of the exchange traded fund’s stock valued at $280,000 after acquiring an additional 193 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in shares of SPDR S&P Homebuilders ETF by 5.0% in the 1st quarter. Wealthfront Advisers LLC now owns 4,225 shares of the exchange traded fund’s stock valued at $409,000 after acquiring an additional 202 shares during the period. Finally, Pinnacle Financial Partners Inc increased its holdings in shares of SPDR S&P Homebuilders ETF by 2.0% in the 1st quarter. Pinnacle Financial Partners Inc now owns 10,514 shares of the exchange traded fund’s stock valued at $1,019,000 after acquiring an additional 203 shares during the period.

SPDR S&P Homebuilders ETF Trading Down 2.9%

Shares of NYSEARCA:XHB opened at $116.07 on Wednesday. SPDR S&P Homebuilders ETF has a 12-month low of $84.48 and a 12-month high of $126.09. The business’s fifty day simple moving average is $108.74 and its 200-day simple moving average is $100.54. The company has a market capitalization of $1.71 billion, a PE ratio of 11.47 and a beta of 1.32.

About SPDR S&P Homebuilders ETF

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.