JPMorgan Chase & Co. Cuts Holdings in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

JPMorgan Chase & Co. cut its position in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 26.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,365,769 shares of the exchange traded fund’s stock after selling 500,221 shares during the period. JPMorgan Chase & Co. owned approximately 0.08% of SPDR S&P Homebuilders ETF worth $142,723,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in SPDR S&P Homebuilders ETF in the 4th quarter valued at $43,362,000. Passaic Partners LLC bought a new position in shares of SPDR S&P Homebuilders ETF in the fourth quarter worth about $8,273,000. Meitav Investment House Ltd. increased its stake in SPDR S&P Homebuilders ETF by 54.9% in the 4th quarter. Meitav Investment House Ltd. now owns 212,293 shares of the exchange traded fund’s stock worth $22,185,000 after buying an additional 75,244 shares during the period. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD lifted its holdings in SPDR S&P Homebuilders ETF by 62.7% during the 4th quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 147,504 shares of the exchange traded fund’s stock valued at $15,401,000 after buying an additional 56,839 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in SPDR S&P Homebuilders ETF in the 4th quarter valued at about $3,030,000.

SPDR S&P Homebuilders ETF Stock Up 0.3 %

Shares of NYSEARCA XHB opened at $97.20 on Wednesday. SPDR S&P Homebuilders ETF has a twelve month low of $94.19 and a twelve month high of $126.09. The firm has a market cap of $1.33 billion, a PE ratio of 12.26 and a beta of 1.51. The business has a fifty day simple moving average of $102.99 and a two-hundred day simple moving average of $111.49.

SPDR S&P Homebuilders ETF Increases Dividend

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

About SPDR S&P Homebuilders ETF

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.