Peak Financial Advisors LLC Purchases New Shares in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Peak Financial Advisors LLC purchased a new position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) during the fourth quarter, Holdings Channel.com reports. The firm purchased 12,688 shares of the exchange traded fund’s stock, valued at approximately $1,326,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. One Capital Management LLC acquired a new position in shares of SPDR S&P Homebuilders ETF in the second quarter worth about $771,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of SPDR S&P Homebuilders ETF in the 2nd quarter valued at approximately $255,000. Waterloo Capital L.P. purchased a new stake in shares of SPDR S&P Homebuilders ETF in the 2nd quarter valued at approximately $4,612,000. Leuthold Group LLC boosted its stake in SPDR S&P Homebuilders ETF by 0.9% in the 2nd quarter. Leuthold Group LLC now owns 13,023 shares of the exchange traded fund’s stock worth $1,316,000 after purchasing an additional 115 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in SPDR S&P Homebuilders ETF by 45.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 5,819 shares of the exchange traded fund’s stock worth $588,000 after purchasing an additional 1,830 shares in the last quarter.

SPDR S&P Homebuilders ETF Stock Up 2.9 %

XHB opened at $106.94 on Wednesday. The firm has a market capitalization of $1.87 billion, a P/E ratio of 15.57 and a beta of 1.38. The stock has a fifty day moving average of $113.05 and a 200-day moving average of $114.28. SPDR S&P Homebuilders ETF has a 12-month low of $92.67 and a 12-month high of $126.09.

SPDR S&P Homebuilders ETF 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.