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

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

SPDR S&P Homebuilders ETF Price Performance

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 moving average price is $120.12 and its 200-day moving average price is $112.65.

Hedge Funds Weigh In On SPDR S&P Homebuilders ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. American Financial Advisors LLC lifted its holdings in SPDR S&P Homebuilders ETF by 3.6% in the third quarter. American Financial Advisors LLC now owns 2,531 shares of the exchange traded fund’s stock worth $315,000 after purchasing an additional 89 shares during the period. Allworth Financial LP lifted its holdings in SPDR S&P Homebuilders ETF by 10.9% in the 3rd quarter. Allworth Financial LP now owns 1,018 shares of the exchange traded fund’s stock valued at $127,000 after acquiring an additional 100 shares during the last quarter. Raymond James & Associates lifted its holdings in SPDR S&P Homebuilders ETF by 0.3% in the 2nd quarter. Raymond James & Associates now owns 32,549 shares of the exchange traded fund’s stock valued at $3,290,000 after acquiring an additional 106 shares during the last quarter. Leuthold Group LLC lifted its holdings 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 valued at $1,316,000 after acquiring an additional 115 shares during the last quarter. Finally, Wealth Effects LLC lifted its holdings in SPDR S&P Homebuilders ETF by 2.1% in the 3rd quarter. Wealth Effects LLC now owns 6,094 shares of the exchange traded fund’s stock valued at $759,000 after acquiring an additional 126 shares during the last quarter.

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.