FormulaFolio Investments LLC Makes New $643,000 Investment in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

FormulaFolio Investments LLC acquired a new position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,149 shares of the exchange traded fund’s stock, valued at approximately $643,000.

Other hedge funds have also recently modified their holdings of the company. Joseph P. Lucia & Associates LLC bought a new stake in shares of SPDR S&P Homebuilders ETF in the 4th quarter worth about $27,000. Banque Cantonale Vaudoise bought a new stake in shares of SPDR S&P Homebuilders ETF during the 4th quarter valued at about $28,000. Winslow Evans & Crocker Inc. bought a new stake in shares of SPDR S&P Homebuilders ETF during the 4th quarter valued at about $29,000. Global Retirement Partners LLC grew its position in shares of SPDR S&P Homebuilders ETF by 47.1% during the 4th quarter. Global Retirement Partners LLC now owns 590 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 189 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of SPDR S&P Homebuilders ETF by 331.8% during the 4th quarter. Allworth Financial LP now owns 678 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 521 shares during the last quarter.

NYSEARCA XHB opened at $72.04 on Thursday. SPDR S&P Homebuilders ETF has a 52 week low of $30.63 and a 52 week high of $73.28. The company has a 50-day moving average price of $66.36 and a two-hundred day moving average price of $59.97.

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.

Recommended Story: Why do companies issue convertible shares?

Want to see what other hedge funds are holding XHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Homebuilders ETF (NYSEARCA:XHB).

Institutional Ownership by Quarter for SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Receive News & Ratings for SPDR S&P Homebuilders ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Homebuilders ETF and related companies with MarketBeat.com's FREE daily email newsletter.