Focus Financial Network Inc. Purchases Shares of 6,616 SPDR S&P Homebuilders ETF $XHB

Focus Financial Network Inc. purchased a new stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,616 shares of the exchange traded fund’s stock, valued at approximately $733,000.

A number of other hedge funds have also modified their holdings of XHB. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in SPDR S&P Homebuilders ETF in the 2nd quarter valued at approximately $118,481,000. Mirae Asset Securities USA Inc. raised its holdings in shares of SPDR S&P Homebuilders ETF by 100.0% in the second quarter. Mirae Asset Securities USA Inc. now owns 500,000 shares of the exchange traded fund’s stock valued at $49,285,000 after purchasing an additional 250,000 shares during the last quarter. Diversify Advisory Services LLC bought a new stake in shares of SPDR S&P Homebuilders ETF in the second quarter worth $13,578,000. Raymond James Financial Inc. boosted its holdings in SPDR S&P Homebuilders ETF by 116.3% during the second quarter. Raymond James Financial Inc. now owns 227,098 shares of the exchange traded fund’s stock worth $22,385,000 after purchasing an additional 122,089 shares during the last quarter. Finally, Surience Private Wealth LLC bought a new position in SPDR S&P Homebuilders ETF in the third quarter valued at $8,512,000.

SPDR S&P Homebuilders ETF Price Performance

Shares of NYSEARCA:XHB opened at $105.07 on Monday. The company’s 50-day moving average price is $106.16 and its two-hundred day moving average price is $106.64. SPDR S&P Homebuilders ETF has a one year low of $84.48 and a one year high of $120.58. The stock has a market capitalization of $1.70 billion, a PE ratio of 11.47 and a beta of 1.29.

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.