SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Reaches New 52-Week Low – What’s Next?

SPDR S&P Homebuilders ETF (NYSEARCA:XHBGet Free Report)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $95.02 and last traded at $95.31, with a volume of 1818 shares changing hands. The stock had previously closed at $96.10.

SPDR S&P Homebuilders ETF Stock Performance

The business’s fifty day moving average is $102.99 and its 200-day moving average is $111.49. The firm has a market cap of $1.33 billion, a P/E ratio of 12.26 and a beta of 1.51.

SPDR S&P Homebuilders ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were issued a dividend of $0.313 per share. The ex-dividend date was Monday, March 24th. This is a positive change from SPDR S&P Homebuilders ETF’s previous dividend of $0.15.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Copia Wealth Management acquired a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter worth approximately $25,000. Total Wealth Planning & Management Inc. acquired a new position in SPDR S&P Homebuilders ETF in the fourth quarter valued at $483,000. Jefferies Financial Group Inc. bought a new stake in SPDR S&P Homebuilders ETF during the fourth quarter valued at $407,000. Bernard Wealth Management Corp. bought a new stake in SPDR S&P Homebuilders ETF during the fourth quarter valued at $88,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in SPDR S&P Homebuilders ETF during the 4th quarter worth about $9,959,000.

SPDR S&P Homebuilders ETF Company Profile

(Get Free Report)

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.

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