Investment House LLC Invests $648,000 in SPDR S&P Homebuilders ETF $XHB

Investment House LLC acquired a new stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,851 shares of the exchange traded fund’s stock, valued at approximately $648,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Assetmark Inc. increased its stake in shares of SPDR S&P Homebuilders ETF by 424.0% in the 2nd quarter. Assetmark Inc. now owns 262 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 212 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in SPDR S&P Homebuilders ETF in the third quarter valued at about $33,000. Private Wealth Asset Management LLC bought a new position in SPDR S&P Homebuilders ETF in the second quarter valued at about $39,000. Bangor Savings Bank acquired a new position in SPDR S&P Homebuilders ETF during the third quarter worth about $44,000. Finally, Berkshire Money Management Inc. bought a new position in shares of SPDR S&P Homebuilders ETF in the second quarter worth about $49,000.

SPDR S&P Homebuilders ETF Trading Down 1.7%

XHB opened at $111.69 on Monday. The company has a market cap of $1.89 billion, a P/E ratio of 11.47 and a beta of 1.29. The company’s 50 day moving average is $107.35 and its 200-day moving average is $108.53. SPDR S&P Homebuilders ETF has a 1-year low of $84.48 and a 1-year high of $120.58.

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.