Investment Management Corp VA ADV Boosts Position in SPDR S&P Homebuilders ETF $XHB

Investment Management Corp VA ADV lifted its holdings in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 6,870.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,507 shares of the exchange traded fund’s stock after acquiring an additional 5,428 shares during the quarter. Investment Management Corp VA ADV’s holdings in SPDR S&P Homebuilders ETF were worth $610,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. increased its position in SPDR S&P Homebuilders ETF by 424.0% during the 2nd quarter. Assetmark Inc. now owns 262 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 212 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of SPDR S&P Homebuilders ETF during the third quarter valued at about $33,000. Private Wealth Asset Management LLC purchased a new position in shares of SPDR S&P Homebuilders ETF during the second quarter valued at about $39,000. Bangor Savings Bank bought a new position in SPDR S&P Homebuilders ETF in the third quarter worth about $44,000. Finally, Berkshire Money Management Inc. purchased a new stake in SPDR S&P Homebuilders ETF in the second quarter worth about $49,000.

SPDR S&P Homebuilders ETF Stock Performance

Shares of NYSEARCA:XHB opened at $113.60 on Friday. The firm has a market capitalization of $1.86 billion, a P/E ratio of 11.47 and a beta of 1.29. The stock has a 50 day moving average price of $107.18 and a 200-day moving average price of $108.38. SPDR S&P Homebuilders ETF has a 52-week low of $84.48 and a 52-week high of $120.58.

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.