Moment Partners LLC Takes Position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Moment Partners LLC acquired a new position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,386 shares of the exchange traded fund’s stock, valued at approximately $249,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Life Planners bought a new position in SPDR S&P Homebuilders ETF during the 4th quarter worth approximately $45,000. Larson Financial Group LLC boosted its stake in shares of SPDR S&P Homebuilders ETF by 1,873.9% during the fourth quarter. Larson Financial Group LLC now owns 454 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 431 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Homebuilders ETF during the fourth quarter valued at approximately $52,000. St. Johns Investment Management Company LLC bought a new position in shares of SPDR S&P Homebuilders ETF in the fourth quarter worth approximately $65,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of SPDR S&P Homebuilders ETF in the third quarter worth $120,000.

SPDR S&P Homebuilders ETF Stock Down 0.6 %

Shares of XHB opened at $99.04 on Thursday. The stock has a market capitalization of $1.46 billion, a P/E ratio of 12.18 and a beta of 1.51. SPDR S&P Homebuilders ETF has a twelve month low of $95.18 and a twelve month high of $126.09. The firm has a fifty day simple moving average of $104.07 and a two-hundred day simple moving average of $112.00.

SPDR S&P Homebuilders ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were issued a dividend of $0.313 per share. This is a positive change from SPDR S&P Homebuilders ETF’s previous dividend of $0.15. The ex-dividend date was Monday, March 24th.

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.