SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Hits New 52-Week Low – What’s Next?

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) hit a new 52-week low on Monday . The company traded as low as $89.06 and last traded at $90.12, with a volume of 5925225 shares trading hands. The stock had previously closed at $91.82.

SPDR S&P Homebuilders ETF Price Performance

The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 12.26 and a beta of 1.51. The firm’s fifty day moving average is $101.97 and its two-hundred day moving average is $110.92.

SPDR S&P Homebuilders ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were issued a dividend of $0.313 per share. This is a boost from SPDR S&P Homebuilders ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of XHB. Copia Wealth Management acquired a new stake in shares of SPDR S&P Homebuilders ETF in the fourth quarter worth $25,000. Concourse Financial Group Securities Inc. boosted its position in SPDR S&P Homebuilders ETF by 50.0% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 300 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 100 shares during the period. Financial Life Planners purchased a new position in SPDR S&P Homebuilders ETF during the 4th quarter valued at about $45,000. Larson Financial Group LLC grew its stake in SPDR S&P Homebuilders ETF by 1,873.9% during the 4th quarter. Larson Financial Group LLC now owns 454 shares of the exchange traded fund’s stock valued at $47,000 after acquiring an additional 431 shares in the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter valued at about $52,000.

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.