Financial Management Professionals Inc. Sells 362 Shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Financial Management Professionals Inc. decreased its position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 4.6% during the first quarter, HoldingsChannel.com reports. The fund owned 7,572 shares of the exchange traded fund’s stock after selling 362 shares during the quarter. Financial Management Professionals Inc.’s holdings in SPDR S&P Homebuilders ETF were worth $845,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of SPDR S&P Homebuilders ETF by 1,055.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 288,641 shares of the exchange traded fund’s stock worth $27,611,000 after purchasing an additional 263,659 shares during the period. Price Capital Management Inc. purchased a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter worth approximately $22,919,000. Q3 Asset Management purchased a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter worth approximately $13,988,000. Horizon Wealth Management LLC boosted its holdings in shares of SPDR S&P Homebuilders ETF by 548.5% in the 4th quarter. Horizon Wealth Management LLC now owns 111,821 shares of the exchange traded fund’s stock worth $10,697,000 after purchasing an additional 94,577 shares during the period. Finally, 360 Financial Inc. purchased a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter worth approximately $7,132,000.

SPDR S&P Homebuilders ETF Stock Up 0.1 %

XHB opened at $101.12 on Friday. The business has a fifty day moving average of $104.26 and a 200 day moving average of $101.47. SPDR S&P Homebuilders ETF has a 52-week low of $69.32 and a 52-week high of $111.96. The stock has a market cap of $1.76 billion, a P/E ratio of 15.57 and a beta of 1.38.

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.