SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Shares Sold by Horizon Wealth Management LLC

Horizon Wealth Management LLC reduced its stake in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 18.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,748 shares of the exchange traded fund’s stock after selling 21,073 shares during the period. SPDR S&P Homebuilders ETF accounts for about 2.6% of Horizon Wealth Management LLC’s portfolio, making the stock its 13th largest holding. Horizon Wealth Management LLC owned approximately 0.52% of SPDR S&P Homebuilders ETF worth $10,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. CenterStar Asset Management LLC purchased a new position in SPDR S&P Homebuilders ETF in the fourth quarter worth approximately $1,064,000. Lyell Wealth Management LP boosted its position in SPDR S&P Homebuilders ETF by 33.9% in the 4th quarter. Lyell Wealth Management LP now owns 6,245 shares of the exchange traded fund’s stock valued at $597,000 after buying an additional 1,580 shares during the period. Principal Securities Inc. acquired a new position in SPDR S&P Homebuilders ETF during the 4th quarter worth $276,000. Raymond James Financial Services Advisors Inc. grew its position in shares of SPDR S&P Homebuilders ETF by 1,055.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 288,641 shares of the exchange traded fund’s stock worth $27,611,000 after buying an additional 263,659 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of SPDR S&P Homebuilders ETF in the 4th quarter valued at approximately $5,995,000.

SPDR S&P Homebuilders ETF Price Performance

Shares of NYSEARCA XHB traded down $2.06 during midday trading on Monday, hitting $99.02. 1,564,684 shares of the company’s stock were exchanged, compared to its average volume of 2,634,528. The firm’s fifty day simple moving average is $104.26 and its 200-day simple moving average is $101.64. The company has a market cap of $1.73 billion, a PE ratio of 15.57 and a beta of 1.38. SPDR S&P Homebuilders ETF has a twelve month low of $69.32 and a twelve month high of $111.96.

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.