Avitas Wealth Management LLC Buys New Shares in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Avitas Wealth Management LLC purchased a new stake in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,823 shares of the exchange traded fund’s stock, valued at approximately $227,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Family Firm Inc. purchased a new stake in shares of SPDR S&P Homebuilders ETF in the 2nd quarter valued at $62,000. National Bank of Canada FI boosted its position in SPDR S&P Homebuilders ETF by 238.1% during the second quarter. National Bank of Canada FI now owns 710 shares of the exchange traded fund’s stock valued at $70,000 after buying an additional 500 shares during the period. ORG Partners LLC bought a new position in shares of SPDR S&P Homebuilders ETF during the second quarter valued at about $93,000. Northwest Investment Counselors LLC purchased a new position in shares of SPDR S&P Homebuilders ETF in the third quarter worth about $98,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of SPDR S&P Homebuilders ETF in the 2nd quarter valued at about $101,000.

SPDR S&P Homebuilders ETF Price Performance

Shares of XHB stock opened at $115.03 on Thursday. The business has a 50-day moving average of $119.45 and a 200 day moving average of $110.67. SPDR S&P Homebuilders ETF has a 1-year low of $71.12 and a 1-year high of $126.07. The stock has a market capitalization of $2.01 billion, a PE ratio of 15.57 and a beta of 1.38.

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.