Avitas Wealth Management LLC Invests $227,000 in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Avitas Wealth Management LLC bought a new stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,823 shares of the exchange traded fund’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XHB. Mirae Asset Securities USA Inc. acquired a new position in shares of SPDR S&P Homebuilders ETF during the 2nd quarter worth approximately $50,540,000. Passaic Partners LLC bought a new stake in SPDR S&P Homebuilders ETF during the first quarter worth $13,326,000. Cetera Investment Advisers lifted its stake in SPDR S&P Homebuilders ETF by 507.8% in the first quarter. Cetera Investment Advisers now owns 75,473 shares of the exchange traded fund’s stock valued at $8,422,000 after acquiring an additional 63,055 shares during the last quarter. Bricktown Capital LLC acquired a new stake in SPDR S&P Homebuilders ETF in the second quarter valued at $5,518,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of SPDR S&P Homebuilders ETF by 5.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,048,800 shares of the exchange traded fund’s stock worth $117,037,000 after purchasing an additional 53,120 shares during the last quarter.

SPDR S&P Homebuilders ETF Stock Performance

Shares of NYSEARCA:XHB opened at $115.03 on Thursday. SPDR S&P Homebuilders ETF has a 52-week low of $71.12 and a 52-week high of $126.07. The company has a market capitalization of $2.01 billion, a P/E ratio of 15.57 and a beta of 1.38. The company has a 50-day simple moving average of $119.45 and a 200 day simple moving average of $110.67.

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.