Sowell Financial Services LLC Invests $816,000 in SPDR S&P Homebuilders ETF $XHB

Sowell Financial Services LLC acquired a new stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 7,366 shares of the exchange traded fund’s stock, valued at approximately $816,000.

Several other hedge funds have also added to or reduced their stakes in XHB. Focus Financial Network Inc. bought a new stake in shares of SPDR S&P Homebuilders ETF in the third quarter worth about $733,000. AAFMAA Wealth Management & Trust LLC grew its position in shares of SPDR S&P Homebuilders ETF by 6.0% in the 2nd quarter. AAFMAA Wealth Management & Trust LLC now owns 23,598 shares of the exchange traded fund’s stock valued at $2,326,000 after purchasing an additional 1,327 shares during the period. Bogart Wealth LLC increased its stake in SPDR S&P Homebuilders ETF by 9.7% during the 2nd quarter. Bogart Wealth LLC now owns 28,447 shares of the exchange traded fund’s stock worth $2,804,000 after purchasing an additional 2,516 shares in the last quarter. Ellis Investment Partners LLC increased its stake in SPDR S&P Homebuilders ETF by 8.3% during the 2nd quarter. Ellis Investment Partners LLC now owns 33,218 shares of the exchange traded fund’s stock worth $3,274,000 after purchasing an additional 2,537 shares in the last quarter. Finally, BOS Asset Management LLC raised its holdings in SPDR S&P Homebuilders ETF by 3.8% during the 2nd quarter. BOS Asset Management LLC now owns 34,494 shares of the exchange traded fund’s stock worth $3,400,000 after buying an additional 1,257 shares during the period.

SPDR S&P Homebuilders ETF Stock Down 0.5%

SPDR S&P Homebuilders ETF stock opened at $104.05 on Wednesday. The stock has a market capitalization of $1.69 billion, a PE ratio of 11.47 and a beta of 1.29. SPDR S&P Homebuilders ETF has a twelve month low of $84.48 and a twelve month high of $120.58. The company has a 50 day moving average of $105.73 and a 200-day moving average of $107.06.

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.