Perennial Investment Advisors LLC Grows Stock Position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Perennial Investment Advisors LLC boosted its position in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 21.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,275 shares of the exchange traded fund’s stock after buying an additional 1,117 shares during the quarter. Perennial Investment Advisors LLC’s holdings in SPDR S&P Homebuilders ETF were worth $656,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Kestra Private Wealth Services LLC purchased a new stake in shares of SPDR S&P Homebuilders ETF in the fourth quarter worth approximately $502,000. Principal Financial Group Inc. purchased a new stake in SPDR S&P Homebuilders ETF in the fourth quarter worth $3,030,000. HB Wealth Management LLC lifted its position in shares of SPDR S&P Homebuilders ETF by 21.7% during the fourth quarter. HB Wealth Management LLC now owns 4,484 shares of the exchange traded fund’s stock worth $469,000 after purchasing an additional 800 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of SPDR S&P Homebuilders ETF by 62.5% during the fourth quarter. Jones Financial Companies Lllp now owns 5,355 shares of the exchange traded fund’s stock valued at $560,000 after purchasing an additional 2,059 shares during the period. Finally, Allworth Financial LP grew its holdings in shares of SPDR S&P Homebuilders ETF by 13.8% in the fourth quarter. Allworth Financial LP now owns 1,158 shares of the exchange traded fund’s stock worth $129,000 after purchasing an additional 140 shares during the last quarter.

SPDR S&P Homebuilders ETF Price Performance

XHB stock opened at $92.87 on Friday. The company has a market capitalization of $1.27 billion, a PE ratio of 12.26 and a beta of 1.51. SPDR S&P Homebuilders ETF has a 12 month low of $89.06 and a 12 month high of $126.09. The firm’s 50-day moving average is $101.97 and its 200 day moving average is $110.99.

SPDR S&P Homebuilders ETF Increases Dividend

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

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.