SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Sets New 52-Week Low – Here’s Why

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $96.42 and last traded at $96.34, with a volume of 839538 shares. The stock had previously closed at $98.01.

SPDR S&P Homebuilders ETF Trading Down 2.5 %

The business has a fifty day moving average of $105.36 and a 200 day moving average of $113.18. The company has a market capitalization of $1.54 billion, a PE ratio of 12.86 and a beta of 1.48.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

A number of hedge funds have recently added to or reduced their stakes in XHB. Concourse Financial Group Securities Inc. raised its stake in shares of SPDR S&P Homebuilders ETF by 50.0% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 300 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. Pinnacle Financial Partners Inc lifted its holdings in SPDR S&P Homebuilders ETF by 1.0% during the 4th quarter. Pinnacle Financial Partners Inc now owns 10,311 shares of the exchange traded fund’s stock worth $1,078,000 after buying an additional 103 shares during the last quarter. Allworth Financial LP increased its stake in SPDR S&P Homebuilders ETF by 13.8% in the fourth quarter. Allworth Financial LP now owns 1,158 shares of the exchange traded fund’s stock valued at $129,000 after purchasing an additional 140 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of SPDR S&P Homebuilders ETF by 6.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,618 shares of the exchange traded fund’s stock valued at $326,000 after buying an additional 169 shares in the last quarter. Finally, Harbour Investments Inc. grew its position in shares of SPDR S&P Homebuilders ETF by 2.7% in the 3rd quarter. Harbour Investments Inc. now owns 7,306 shares of the exchange traded fund’s stock valued at $910,000 after buying an additional 193 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.