Raymond James Financial Services Advisors Inc. Buys 263,659 Shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Raymond James Financial Services Advisors Inc. raised its stake in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 1,055.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 288,641 shares of the exchange traded fund’s stock after purchasing an additional 263,659 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 1.67% of SPDR S&P Homebuilders ETF worth $27,611,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Orion Portfolio Solutions LLC increased its holdings in shares of SPDR S&P Homebuilders ETF by 10.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 8,382 shares of the exchange traded fund’s stock worth $642,000 after purchasing an additional 798 shares during the period. BKM Wealth Management LLC acquired a new stake in SPDR S&P Homebuilders ETF during the fourth quarter valued at approximately $48,000. Affinity Wealth Management LLC boosted its holdings in SPDR S&P Homebuilders ETF by 14.8% during the fourth quarter. Affinity Wealth Management LLC now owns 268,294 shares of the exchange traded fund’s stock valued at $25,665,000 after purchasing an additional 34,508 shares in the last quarter. Column Capital Advisors LLC acquired a new stake in SPDR S&P Homebuilders ETF during the third quarter valued at approximately $103,000. Finally, Merit Financial Group LLC boosted its holdings in SPDR S&P Homebuilders ETF by 5.3% during the third quarter. Merit Financial Group LLC now owns 14,184 shares of the exchange traded fund’s stock valued at $1,086,000 after purchasing an additional 713 shares in the last quarter.

SPDR S&P Homebuilders ETF Trading Up 1.2 %

NYSEARCA XHB opened at $110.65 on Thursday. The stock’s 50 day moving average is $101.06 and its two-hundred day moving average is $89.13. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 7.34 and a beta of 1.32. SPDR S&P Homebuilders ETF has a 1-year low of $63.95 and a 1-year high of $111.37.

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.