PNC Financial Services Group Inc. Decreases Stock Position in SPDR S&P Homebuilders ETF $XHB

PNC Financial Services Group Inc. cut its stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 30.3% in the fourth quarter, HoldingsChannel reports. The firm owned 37,858 shares of the exchange traded fund’s stock after selling 16,453 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR S&P Homebuilders ETF were worth $3,898,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XHB. Founders Financial Alliance LLC purchased a new position in SPDR S&P Homebuilders ETF in the third quarter valued at $27,000. Elevated Capital Advisors LLC purchased a new position in SPDR S&P Homebuilders ETF in the fourth quarter valued at $28,000. Quantbot Technologies LP boosted its holdings in 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 purchasing an additional 170 shares during the period. Financial Life Planners purchased a new position in SPDR S&P Homebuilders ETF in the third quarter valued at $48,000. Finally, Wealth Watch Advisors INC purchased a new position in SPDR S&P Homebuilders ETF in the third quarter valued at $61,000.

SPDR S&P Homebuilders ETF Stock Performance

NYSEARCA:XHB opened at $100.01 on Tuesday. The firm has a market cap of $1.46 billion, a PE ratio of 11.47 and a beta of 1.30. The stock has a fifty day moving average price of $101.68 and a 200 day moving average price of $106.67. SPDR S&P Homebuilders ETF has a 12-month low of $91.71 and a 12-month high of $123.13.

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.