Highland Capital Management LLC Invests $566,000 in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Highland Capital Management LLC purchased a new position in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,070 shares of the exchange traded fund’s stock, valued at approximately $566,000.

Other institutional investors also recently modified their holdings of the company. Founders Financial Securities LLC boosted its holdings in shares of SPDR S&P Homebuilders ETF by 0.5% in the first quarter. Founders Financial Securities LLC now owns 40,597 shares of the exchange traded fund’s stock valued at $4,530,000 after buying an additional 207 shares during the period. Institute for Wealth Management LLC. boosted its holdings in shares of SPDR S&P Homebuilders ETF by 1.6% in the fourth quarter. Institute for Wealth Management LLC. now owns 17,723 shares of the exchange traded fund’s stock valued at $1,695,000 after buying an additional 275 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of SPDR S&P Homebuilders ETF by 4.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,400 shares of the exchange traded fund’s stock worth $826,000 after purchasing an additional 286 shares in the last quarter. Global Trust Asset Management LLC lifted its position in shares of SPDR S&P Homebuilders ETF by 57.1% in the fourth quarter. Global Trust Asset Management LLC now owns 825 shares of the exchange traded fund’s stock worth $79,000 after purchasing an additional 300 shares in the last quarter. Finally, AlphaMark Advisors LLC bought a new stake in shares of SPDR S&P Homebuilders ETF in the fourth quarter worth $34,000.

SPDR S&P Homebuilders ETF Stock Up 1.7 %

Shares of XHB stock traded up $1.85 during trading on Friday, reaching $108.56. The company’s stock had a trading volume of 3,822,242 shares, compared to its average volume of 2,637,167. The business has a fifty day moving average price of $103.76 and a 200-day moving average price of $101.98. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 15.57 and a beta of 1.38. SPDR S&P Homebuilders ETF has a one year low of $69.32 and a one year 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.