Institute for Wealth Management LLC. Acquires 275 Shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Institute for Wealth Management LLC. raised its stake in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 1.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 17,723 shares of the exchange traded fund’s stock after buying an additional 275 shares during the quarter. Institute for Wealth Management LLC.’s holdings in SPDR S&P Homebuilders ETF were worth $1,695,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of XHB. JPMorgan Chase & Co. boosted its holdings in shares of SPDR S&P Homebuilders ETF by 784.7% during the 1st quarter. JPMorgan Chase & Co. now owns 1,237,471 shares of the exchange traded fund’s stock valued at $83,851,000 after acquiring an additional 1,097,591 shares during the last quarter. Morgan Stanley grew its position in SPDR S&P Homebuilders ETF by 15.8% in the 3rd quarter. Morgan Stanley now owns 2,770,352 shares of the exchange traded fund’s stock worth $212,126,000 after purchasing an additional 377,788 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in SPDR S&P Homebuilders ETF by 1,055.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 288,641 shares of the exchange traded fund’s stock valued at $27,611,000 after buying an additional 263,659 shares during the last quarter. Price Capital Management Inc. purchased a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter worth $22,919,000. Finally, Stelac Advisory Services LLC bought a new stake in shares of SPDR S&P Homebuilders ETF in the first quarter worth $10,580,000.

SPDR S&P Homebuilders ETF Stock Down 0.7 %

NYSEARCA:XHB traded down $0.75 on Friday, hitting $99.95. The stock had a trading volume of 2,174,534 shares, compared to its average volume of 2,841,479. SPDR S&P Homebuilders ETF has a 52-week low of $67.46 and a 52-week high of $111.96. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 15.54 and a beta of 1.38. The business’s 50-day simple moving average is $104.55 and its two-hundred day simple moving average is $92.18.

SPDR S&P Homebuilders ETF 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.