Ring Mountain Capital LLC Buys New Shares in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Ring Mountain Capital LLC bought a new stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,478 shares of the exchange traded fund’s stock, valued at approximately $363,000.

Other hedge funds have also added to or reduced their stakes in the company. Howe & Rusling Inc. bought a new position in SPDR S&P Homebuilders ETF in the third quarter valued at $28,000. Financial Life Planners bought a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter valued at about $45,000. New Wave Wealth Advisors LLC bought a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter valued at about $52,000. St. Johns Investment Management Company LLC bought a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter valued at about $65,000. Finally, EP Wealth Advisors LLC bought a new position in shares of SPDR S&P Homebuilders ETF in the 3rd quarter valued at about $120,000.

SPDR S&P Homebuilders ETF Price Performance

Shares of XHB opened at $98.99 on Tuesday. The firm has a 50-day moving average of $106.24 and a 200-day moving average of $113.94. SPDR S&P Homebuilders ETF has a one year low of $97.40 and a one year high of $126.09. The company has a market cap of $1.59 billion, a PE ratio of 12.86 and a beta of 1.48.

SPDR S&P Homebuilders ETF 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.