SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Hits New 52-Week High – Here’s What Happened

SPDR S&P Homebuilders ETF (NYSEARCA:XHB)’s stock price reached a new 52-week high on Monday . The company traded as high as $126.09 and last traded at $124.91, with a volume of 2146601 shares trading hands. The stock had previously closed at $119.94.

SPDR S&P Homebuilders ETF Stock Performance

The stock has a 50 day moving average price of $120.01 and a two-hundred day moving average price of $112.41. The company has a market capitalization of $2.18 billion, a PE ratio of 15.57 and a beta of 1.38.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

Large investors have recently modified their holdings of the business. Tidal Investments LLC lifted its holdings in SPDR S&P Homebuilders ETF by 74.9% during the 3rd quarter. Tidal Investments LLC now owns 26,178 shares of the exchange traded fund’s stock worth $3,261,000 after purchasing an additional 11,213 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in SPDR S&P Homebuilders ETF by 8.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,606 shares of the exchange traded fund’s stock valued at $325,000 after buying an additional 200 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of SPDR S&P Homebuilders ETF by 186.6% in the third quarter. MML Investors Services LLC now owns 31,569 shares of the exchange traded fund’s stock valued at $3,932,000 after acquiring an additional 20,553 shares in the last quarter. K2 Principal Fund L.P. purchased a new position in SPDR S&P Homebuilders ETF in the third quarter valued at approximately $996,000. Finally, Orion Portfolio Solutions LLC lifted its position in shares of SPDR S&P Homebuilders ETF by 13.0% during the third quarter. Orion Portfolio Solutions LLC now owns 6,864 shares of the exchange traded fund’s stock worth $855,000 after acquiring an additional 792 shares in 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.