Apollon Wealth Management LLC Increases Stock Position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Apollon Wealth Management LLC increased its position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 86.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,249 shares of the exchange traded fund’s stock after purchasing an additional 3,816 shares during the quarter. Apollon Wealth Management LLC’s holdings in SPDR S&P Homebuilders ETF were worth $862,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Seamount Financial Group Inc. boosted its stake in shares of SPDR S&P Homebuilders ETF by 138.0% in the fourth quarter. Seamount Financial Group Inc. now owns 6,430 shares of the exchange traded fund’s stock valued at $672,000 after purchasing an additional 3,728 shares during the period. Silver Oak Securities Incorporated purchased a new position in shares of SPDR S&P Homebuilders ETF in the fourth quarter valued at $217,000. Guidance Capital Inc. purchased a new position in shares of SPDR S&P Homebuilders ETF in the fourth quarter valued at $673,000. Financial Life Planners purchased a new position in shares of SPDR S&P Homebuilders ETF in the fourth quarter valued at $45,000. Finally, Riggs Asset Managment Co. Inc. boosted its stake in shares of SPDR S&P Homebuilders ETF by 36.3% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 10,521 shares of the exchange traded fund’s stock valued at $1,099,000 after purchasing an additional 2,803 shares during the period.

SPDR S&P Homebuilders ETF Price Performance

NYSEARCA XHB opened at $106.45 on Wednesday. SPDR S&P Homebuilders ETF has a 12 month low of $96.13 and a 12 month high of $126.09. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 15.57 and a beta of 1.38. The company’s fifty day moving average price is $109.02 and its two-hundred day moving average price is $114.61.

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.