Traders Purchase Large Volume of Call Options on SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the target of some unusual options trading on Wednesday. Stock investors purchased 61,554 call options on the stock. This represents an increase of 391% compared to the average volume of 12,534 call options.

Institutional Trading of SPDR S&P Homebuilders ETF

Institutional investors have recently modified their holdings of the company. Peterson Wealth Management acquired a new position in SPDR S&P Homebuilders ETF during the third quarter valued at approximately $4,435,000. Private Wealth Advisors LLC purchased a new position in shares of SPDR S&P Homebuilders ETF in the 3rd quarter valued at $214,000. BlueCrest Capital Management Ltd acquired a new position in shares of SPDR S&P Homebuilders ETF during the 3rd quarter valued at $4,598,000. CIBC Private Wealth Group LLC lifted its holdings in shares of SPDR S&P Homebuilders ETF by 165.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,860 shares of the exchange traded fund’s stock valued at $539,000 after acquiring an additional 3,031 shares in the last quarter. Finally, Capital Square LLC boosted its position in SPDR S&P Homebuilders ETF by 1.5% during the 3rd quarter. Capital Square LLC now owns 8,722 shares of the exchange traded fund’s stock worth $966,000 after purchasing an additional 129 shares during the period.

SPDR S&P Homebuilders ETF Stock Down 1.0%

NYSEARCA:XHB opened at $105.61 on Thursday. The company has a market cap of $1.71 billion, a P/E ratio of 11.47 and a beta of 1.29. SPDR S&P Homebuilders ETF has a fifty-two week low of $84.48 and a fifty-two week high of $120.58. The firm’s 50 day moving average is $106.12 and its two-hundred day moving average is $106.40.

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.