Lyell Wealth Management LP Makes New Investment in SPDR S&P Homebuilders ETF $XHB

Lyell Wealth Management LP purchased a new stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,173 shares of the exchange traded fund’s stock, valued at approximately $497,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank acquired a new position in SPDR S&P Homebuilders ETF during the second quarter worth $35,000. Bangor Savings Bank acquired a new stake in shares of SPDR S&P Homebuilders ETF in the 3rd quarter worth $38,000. GAMMA Investing LLC acquired a new stake in shares of SPDR S&P Homebuilders ETF in the 3rd quarter worth $50,000. Western Wealth Management LLC acquired a new stake in shares of SPDR S&P Homebuilders ETF in the 1st quarter worth $75,000. Finally, CoreCap Advisors LLC purchased a new position in shares of SPDR S&P Homebuilders ETF during the 3rd quarter worth $84,000.

SPDR S&P Homebuilders ETF Stock Up 5.4%

NYSEARCA XHB opened at $107.52 on Thursday. The business’s fifty day simple moving average is $98.51 and its 200-day simple moving average is $105.09. The firm has a market cap of $1.65 billion, a PE ratio of 11.47 and a beta of 1.23. SPDR S&P Homebuilders ETF has a 52 week low of $91.87 and a 52 week high of $123.13.

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.