SPDR S&P Homebuilders ETF (NYSEARCA:XHB – Get Free Report)’s stock price reached a new 52-week low during trading on Wednesday. The company traded as low as $93.03 and last traded at $93.6570, with a volume of 9,119 shares traded. The stock had previously closed at $94.63.
SPDR S&P Homebuilders ETF Stock Down 2.0%
The company’s 50-day moving average price is $101.46 and its 200-day moving average price is $103.99. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 11.47 and a beta of 1.25.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in XHB. Arkadios Wealth Advisors increased its holdings in shares of SPDR S&P Homebuilders ETF by 2.2% in the first quarter. Arkadios Wealth Advisors now owns 5,076 shares of the exchange traded fund’s stock worth $501,000 after purchasing an additional 107 shares during the last quarter. FLP Wealth Management LLC boosted its position in shares of SPDR S&P Homebuilders ETF by 7.4% during the 1st quarter. FLP Wealth Management LLC now owns 2,564 shares of the exchange traded fund’s stock valued at $253,000 after acquiring an additional 177 shares during the last quarter. AAFMAA Wealth Management & Trust LLC increased its position in SPDR S&P Homebuilders ETF by 1.8% in the second quarter. AAFMAA Wealth Management & Trust LLC now owns 10,659 shares of the exchange traded fund’s stock worth $1,232,000 after purchasing an additional 184 shares during the last quarter. Seamount Financial Group Inc. raised its stake in SPDR S&P Homebuilders ETF by 2.7% during the first quarter. Seamount Financial Group Inc. now owns 8,869 shares of the exchange traded fund’s stock valued at $876,000 after purchasing an additional 230 shares in the last quarter. Finally, Corient Private Wealth LP lifted its position in SPDR S&P Homebuilders ETF by 4.7% during the second quarter. Corient Private Wealth LP now owns 6,301 shares of the exchange traded fund’s stock valued at $728,000 after purchasing an additional 280 shares during the last quarter.
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.
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