SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Reaches New 1-Year High – What’s Next?

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) reached a new 52-week high during trading on Monday . The stock traded as high as $126.09 and last traded at $124.91, with a volume of 2146601 shares. The stock had previously closed at $119.94.

SPDR S&P Homebuilders ETF Trading Down 0.2 %

The company has a market cap of $2.14 billion, a price-to-earnings ratio of 15.57 and a beta of 1.38. The firm’s fifty day simple moving average is $120.12 and its 200 day simple moving average is $112.65.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of XHB. Tidal Investments LLC raised its position in SPDR S&P Homebuilders ETF by 74.9% in the 3rd quarter. Tidal Investments LLC now owns 26,178 shares of the exchange traded fund’s stock valued at $3,261,000 after purchasing an additional 11,213 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in SPDR S&P Homebuilders ETF by 8.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,606 shares of the exchange traded fund’s stock valued at $325,000 after purchasing an additional 200 shares during the last quarter. MML Investors Services LLC raised its position in SPDR S&P Homebuilders ETF by 186.6% in the 3rd quarter. MML Investors Services LLC now owns 31,569 shares of the exchange traded fund’s stock valued at $3,932,000 after purchasing an additional 20,553 shares during the last quarter. K2 Principal Fund L.P. purchased a new stake in SPDR S&P Homebuilders ETF in the 3rd quarter valued at $996,000. Finally, Orion Portfolio Solutions LLC raised its position in SPDR S&P Homebuilders ETF by 13.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 6,864 shares of the exchange traded fund’s stock valued at $855,000 after purchasing an additional 792 shares during the last quarter.

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.