SPDR S&P Homebuilders ETF $XHB Shares Sold by Spire Wealth Management

Spire Wealth Management lessened its stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 88.6% in the 4th quarter, Holdings Channel reports. The firm owned 5,645 shares of the exchange traded fund’s stock after selling 44,066 shares during the period. Spire Wealth Management’s holdings in SPDR S&P Homebuilders ETF were worth $581,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Founders Financial Alliance LLC acquired a new position in SPDR S&P Homebuilders ETF during the third quarter worth $27,000. Allspring Global Investments Holdings LLC purchased a new position in shares of SPDR S&P Homebuilders ETF during the third quarter worth $33,000. Bangor Savings Bank acquired a new stake in shares of SPDR S&P Homebuilders ETF in the third quarter valued at $44,000. Quantbot Technologies LP grew its stake in shares of SPDR S&P Homebuilders ETF by 66.4% in the third quarter. Quantbot Technologies LP now owns 426 shares of the exchange traded fund’s stock valued at $47,000 after buying an additional 170 shares in the last quarter. Finally, Financial Life Planners purchased a new stake in shares of SPDR S&P Homebuilders ETF in the 3rd quarter valued at $48,000.

SPDR S&P Homebuilders ETF Trading Up 0.5%

XHB opened at $99.21 on Thursday. The stock’s 50-day moving average price is $109.35 and its 200 day moving average price is $108.27. SPDR S&P Homebuilders ETF has a 12-month low of $84.48 and a 12-month high of $123.13. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 11.47 and a beta of 1.29.

About SPDR S&P Homebuilders ETF

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.