JPMorgan Chase & Co. Cuts Stock Position in SPDR S&P Homebuilders ETF $XHB

JPMorgan Chase & Co. cut its stake in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 13.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 526,020 shares of the exchange traded fund’s stock after selling 85,135 shares during the period. JPMorgan Chase & Co.’s holdings in SPDR S&P Homebuilders ETF were worth $58,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XHB. Barclays PLC raised its position in SPDR S&P Homebuilders ETF by 933.7% during the 3rd quarter. Barclays PLC now owns 871,789 shares of the exchange traded fund’s stock worth $96,594,000 after buying an additional 787,454 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of SPDR S&P Homebuilders ETF by 529.7% in the third quarter. BNP Paribas Financial Markets now owns 720,762 shares of the exchange traded fund’s stock valued at $79,860,000 after acquiring an additional 606,305 shares in the last quarter. Moore Capital Management LP purchased a new stake in shares of SPDR S&P Homebuilders ETF in the third quarter valued at about $49,513,000. Annex Advisory Services LLC acquired a new position in shares of SPDR S&P Homebuilders ETF during the third quarter worth about $45,309,000. Finally, Kingsview Wealth Management LLC purchased a new position in SPDR S&P Homebuilders ETF during the third quarter worth about $15,519,000.

SPDR S&P Homebuilders ETF Stock Down 0.9%

Shares of NYSEARCA:XHB opened at $98.72 on Friday. The company has a market cap of $1.54 billion, a P/E ratio of 11.47 and a beta of 1.29. SPDR S&P Homebuilders ETF has a 52 week low of $84.48 and a 52 week high of $123.13. The company has a 50-day moving average price of $112.21 and a 200 day moving average price of $109.46.

About SPDR S&P Homebuilders ETF

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.