Envestnet Asset Management Inc. Acquires 7,534 Shares of SPDR S&P Homebuilders ETF $XHB

Envestnet Asset Management Inc. increased its stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 40.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,946 shares of the exchange traded fund’s stock after purchasing an additional 7,534 shares during the period. Envestnet Asset Management Inc. owned approximately 0.16% of SPDR S&P Homebuilders ETF worth $2,875,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of XHB. Childress Capital Advisors LLC purchased a new position in shares of SPDR S&P Homebuilders ETF in the 3rd quarter worth about $1,562,000. Focus Financial Network Inc. bought a new position in SPDR S&P Homebuilders ETF during the third quarter valued at approximately $733,000. Investment Management Corp VA ADV grew its holdings in shares of SPDR S&P Homebuilders ETF by 6,870.9% during the 3rd quarter. Investment Management Corp VA ADV now owns 5,507 shares of the exchange traded fund’s stock valued at $610,000 after purchasing an additional 5,428 shares during the last quarter. Capital Square LLC lifted its stake in SPDR S&P Homebuilders ETF by 22.2% in the second quarter. Capital Square LLC now owns 8,593 shares of the exchange traded fund’s stock worth $900,000 after purchasing an additional 1,560 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its stake in SPDR S&P Homebuilders ETF by 800.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 29,678 shares of the exchange traded fund’s stock worth $3,288,000 after purchasing an additional 26,382 shares during the last quarter.

SPDR S&P Homebuilders ETF Trading Down 2.7%

Shares of NYSEARCA:XHB opened at $114.11 on Thursday. The stock has a market capitalization of $1.79 billion, a P/E ratio of 11.47 and a beta of 1.29. The stock’s 50-day moving average price is $111.82 and its 200-day moving average price is $110.28. SPDR S&P Homebuilders ETF has a 12-month low of $84.48 and a 12-month high of $123.13.

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.