SPDR S&P Homebuilders ETF (NYSEARCA:XHB) is Viewpoint Capital Management LLC’s 7th Largest Position

Viewpoint Capital Management LLC raised its position in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 6.7% during the 4th quarter, Holdings Channel reports. The fund owned 56,929 shares of the exchange traded fund’s stock after purchasing an additional 3,557 shares during the period. SPDR S&P Homebuilders ETF makes up approximately 3.1% of Viewpoint Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Viewpoint Capital Management LLC’s holdings in SPDR S&P Homebuilders ETF were worth $5,949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Howe & Rusling Inc. purchased a new position in shares of SPDR S&P Homebuilders ETF during the 3rd quarter worth about $28,000. Financial Life Planners bought a new stake in SPDR S&P Homebuilders ETF in the fourth quarter worth about $45,000. New Wave Wealth Advisors LLC bought a new position in shares of SPDR S&P Homebuilders ETF during the fourth quarter valued at approximately $52,000. St. Johns Investment Management Company LLC purchased a new stake in shares of SPDR S&P Homebuilders ETF in the fourth quarter worth approximately $65,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of SPDR S&P Homebuilders ETF during the 3rd quarter worth approximately $98,000.

SPDR S&P Homebuilders ETF Stock Up 0.3 %

XHB opened at $106.45 on Wednesday. The business has a fifty day moving average of $109.02 and a 200 day moving average of $114.61. The stock has a market cap of $1.86 billion, a P/E ratio of 15.57 and a beta of 1.38. SPDR S&P Homebuilders ETF has a 52-week low of $96.13 and a 52-week high of $126.09.

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.