Parallel Advisors LLC Trims Position in SPDR S&P Homebuilders ETF $XHB

Parallel Advisors LLC lessened its stake in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 25.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,082 shares of the exchange traded fund’s stock after selling 366 shares during the period. Parallel Advisors LLC’s holdings in SPDR S&P Homebuilders ETF were worth $107,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of XHB. Ameriprise Financial Inc. increased its position in shares of SPDR S&P Homebuilders ETF by 2.8% during the 1st quarter. Ameriprise Financial Inc. now owns 509,916 shares of the exchange traded fund’s stock worth $49,398,000 after purchasing an additional 13,874 shares during the last quarter. Royal Bank of Canada increased its position in shares of SPDR S&P Homebuilders ETF by 15.6% during the 1st quarter. Royal Bank of Canada now owns 156,896 shares of the exchange traded fund’s stock worth $15,203,000 after purchasing an additional 21,230 shares during the last quarter. Jefferies Financial Group Inc. increased its position in shares of SPDR S&P Homebuilders ETF by 2,527.2% during the 1st quarter. Jefferies Financial Group Inc. now owns 102,356 shares of the exchange traded fund’s stock worth $9,918,000 after purchasing an additional 98,460 shares during the last quarter. Arrow Financial Corp increased its position in shares of SPDR S&P Homebuilders ETF by 4.2% during the 1st quarter. Arrow Financial Corp now owns 79,376 shares of the exchange traded fund’s stock worth $7,691,000 after purchasing an additional 3,203 shares during the last quarter. Finally, HMS Capital Management LLC increased its position in shares of SPDR S&P Homebuilders ETF by 9.3% during the 1st quarter. HMS Capital Management LLC now owns 71,830 shares of the exchange traded fund’s stock worth $6,464,000 after purchasing an additional 6,104 shares during the last quarter.

SPDR S&P Homebuilders ETF Trading Down 0.6%

Shares of NYSEARCA:XHB opened at $110.64 on Thursday. The business has a 50-day moving average price of $111.19 and a 200 day moving average price of $101.55. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 11.47 and a beta of 1.32. SPDR S&P Homebuilders ETF has a 12-month low of $84.48 and a 12-month high of $126.09.

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.