Gerber Kawasaki Wealth & Investment Management Reduces Position in SPDR S&P Homebuilders ETF $XHB

Gerber Kawasaki Wealth & Investment Management trimmed its holdings in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 14.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 39,923 shares of the exchange traded fund’s stock after selling 6,805 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned about 0.25% of SPDR S&P Homebuilders ETF worth $4,423,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC grew its stake in shares of SPDR S&P Homebuilders ETF by 933.7% in the third quarter. Barclays PLC now owns 871,789 shares of the exchange traded fund’s stock worth $96,594,000 after acquiring an additional 787,454 shares during the period. Annex Advisory Services LLC bought a new position in SPDR S&P Homebuilders ETF during the third quarter valued at approximately $45,309,000. Kingsview Wealth Management LLC purchased a new stake in SPDR S&P Homebuilders ETF in the third quarter worth approximately $15,519,000. Diversify Advisory Services LLC purchased a new stake in SPDR S&P Homebuilders ETF in the second quarter worth approximately $13,578,000. Finally, Raymond James Financial Inc. grew its position in SPDR S&P Homebuilders ETF by 116.3% in the 2nd quarter. Raymond James Financial Inc. now owns 227,098 shares of the exchange traded fund’s stock worth $22,385,000 after purchasing an additional 122,089 shares during the period.

SPDR S&P Homebuilders ETF Trading Down 2.5%

Shares of XHB opened at $105.55 on Monday. The firm has a market cap of $1.65 billion, a PE ratio of 11.47 and a beta of 1.29. SPDR S&P Homebuilders ETF has a 1-year low of $84.48 and a 1-year high of $123.13. The firm has a fifty day simple moving average of $112.74 and a two-hundred day simple moving average of $110.20.

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.