VitalStone Financial LLC Cuts Stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

VitalStone Financial LLC cut its position in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 55.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 311 shares of the exchange traded fund’s stock after selling 390 shares during the period. VitalStone Financial LLC’s holdings in SPDR S&P Homebuilders ETF were worth $35,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XHB. Raymond James Financial Services Advisors Inc. boosted its stake in SPDR S&P Homebuilders ETF by 1,055.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 288,641 shares of the exchange traded fund’s stock valued at $27,611,000 after buying an additional 263,659 shares during the last quarter. Price Capital Management Inc. bought a new stake in shares of SPDR S&P Homebuilders ETF during the 4th quarter worth approximately $22,919,000. Q3 Asset Management bought a new stake in shares of SPDR S&P Homebuilders ETF during the 4th quarter worth approximately $13,988,000. Horizon Wealth Management LLC lifted its stake in shares of SPDR S&P Homebuilders ETF by 548.5% during the 4th quarter. Horizon Wealth Management LLC now owns 111,821 shares of the exchange traded fund’s stock worth $10,697,000 after acquiring an additional 94,577 shares during the last quarter. Finally, 360 Financial Inc. bought a new stake in shares of SPDR S&P Homebuilders ETF during the 4th quarter worth approximately $7,132,000.

SPDR S&P Homebuilders ETF Trading Up 2.6 %

Shares of XHB stock traded up $2.76 on Friday, reaching $109.47. 1,655,259 shares of the company’s stock were exchanged, compared to its average volume of 2,620,877. The company’s fifty day simple moving average is $103.69 and its 200 day simple moving average is $101.85. The stock has a market capitalization of $1.91 billion, a PE ratio of 15.57 and a beta of 1.38. SPDR S&P Homebuilders ETF has a 52 week low of $69.32 and a 52 week high of $111.96.

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.