Ellis Investment Partners LLC Sells 319 Shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Ellis Investment Partners LLC decreased its holdings in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,099 shares of the exchange traded fund’s stock after selling 319 shares during the period. Ellis Investment Partners LLC’s holdings in SPDR S&P Homebuilders ETF were worth $3,250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. American Financial Advisors LLC increased its stake in shares of SPDR S&P Homebuilders ETF by 3.6% during the third quarter. American Financial Advisors LLC now owns 2,531 shares of the exchange traded fund’s stock valued at $315,000 after purchasing an additional 89 shares in the last quarter. Allworth Financial LP increased its stake in shares of SPDR S&P Homebuilders ETF by 10.9% during the third quarter. Allworth Financial LP now owns 1,018 shares of the exchange traded fund’s stock valued at $127,000 after purchasing an additional 100 shares in the last quarter. Wealth Effects LLC increased its stake in shares of SPDR S&P Homebuilders ETF by 2.1% during the third quarter. Wealth Effects LLC now owns 6,094 shares of the exchange traded fund’s stock valued at $759,000 after purchasing an additional 126 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in shares of SPDR S&P Homebuilders ETF by 6.9% during the third quarter. Great Valley Advisor Group Inc. now owns 2,618 shares of the exchange traded fund’s stock valued at $326,000 after purchasing an additional 169 shares in the last quarter. Finally, Clear Creek Financial Management LLC increased its stake in shares of SPDR S&P Homebuilders ETF by 7.8% during the third quarter. Clear Creek Financial Management LLC now owns 2,638 shares of the exchange traded fund’s stock valued at $329,000 after purchasing an additional 191 shares in the last quarter.

SPDR S&P Homebuilders ETF Stock Up 0.7 %

NYSEARCA:XHB opened at $106.70 on Friday. The company’s 50 day moving average price is $108.20 and its 200-day moving average price is $114.38. SPDR S&P Homebuilders ETF has a 52 week low of $97.12 and a 52 week high of $126.09. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 15.57 and a beta of 1.38.

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.