SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Shares Cross Below 200 Day Moving Average – Should You Sell?

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $107.48 and traded as low as $102.22. SPDR S&P Homebuilders ETF shares last traded at $102.36, with a volume of 1,025,459 shares traded.

SPDR S&P Homebuilders ETF Price Performance

The stock has a market capitalization of $1.45 billion, a PE ratio of 11.47 and a beta of 1.35. The firm’s 50 day simple moving average is $107.21 and its 200 day simple moving average is $107.48.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Founders Financial Alliance LLC bought a new stake in SPDR S&P Homebuilders ETF during the 3rd quarter valued at $27,000. Elevated Capital Advisors LLC purchased a new position in SPDR S&P Homebuilders ETF during the 4th quarter valued at about $28,000. Strive Financial Group LLC bought a new position in SPDR S&P Homebuilders ETF during the 4th quarter valued at approximately $31,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of SPDR S&P Homebuilders ETF during the fourth quarter valued at approximately $32,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of SPDR S&P Homebuilders ETF during the third quarter valued at approximately $33,000.

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.