SPDR S&P Homebuilders ETF (NYSEARCA:XHB – Get Free Report)’s share price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $99.00 and traded as high as $99.29. SPDR S&P Homebuilders ETF shares last traded at $99.16, with a volume of 1,522,566 shares trading hands.
SPDR S&P Homebuilders ETF Stock Performance
The company has a market capitalization of $1.45 billion, a P/E ratio of 11.47 and a beta of 1.25. The stock has a 50 day moving average price of $99.00 and a 200 day moving average price of $105.42.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XHB. Apollon Wealth Management LLC purchased a new position in SPDR S&P Homebuilders ETF in the third quarter valued at about $325,000. Sigma Planning Corp bought a new stake in shares of SPDR S&P Homebuilders ETF in the 3rd quarter worth approximately $1,049,000. Manchester Capital Management LLC bought a new stake in shares of SPDR S&P Homebuilders ETF in the 3rd quarter worth approximately $144,000. Seamount Financial Group Inc. bought a new stake in shares of SPDR S&P Homebuilders ETF in the 3rd quarter worth approximately $909,000. Finally, Magnus Financial Group LLC bought a new stake in shares of SPDR S&P Homebuilders ETF in the 3rd quarter worth approximately $274,000.
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.
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