227 Shares in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Bought by Howe & Rusling Inc.

Howe & Rusling Inc. purchased a new position in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 227 shares of the exchange traded fund’s stock, valued at approximately $28,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of XHB. Price T Rowe Associates Inc. MD lifted its holdings in shares of SPDR S&P Homebuilders ETF by 5.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,048,800 shares of the exchange traded fund’s stock worth $117,037,000 after acquiring an additional 53,120 shares during the period. Mirae Asset Securities USA Inc. bought a new position in SPDR S&P Homebuilders ETF during the second quarter worth about $50,540,000. Bank of Montreal Can boosted its holdings in SPDR S&P Homebuilders ETF by 1.8% during the second quarter. Bank of Montreal Can now owns 247,332 shares of the exchange traded fund’s stock valued at $25,013,000 after purchasing an additional 4,447 shares in the last quarter. Meitav Investment House Ltd. grew its stake in shares of SPDR S&P Homebuilders ETF by 0.9% in the 3rd quarter. Meitav Investment House Ltd. now owns 137,049 shares of the exchange traded fund’s stock valued at $17,042,000 after purchasing an additional 1,156 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of SPDR S&P Homebuilders ETF by 143.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 82,907 shares of the exchange traded fund’s stock worth $10,327,000 after buying an additional 48,910 shares in the last quarter.

SPDR S&P Homebuilders ETF Price Performance

Shares of XHB stock opened at $116.55 on Thursday. The stock’s fifty day simple moving average is $119.95 and its 200 day simple moving average is $112.19. SPDR S&P Homebuilders ETF has a one year low of $81.75 and a one year high of $126.07. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 15.57 and a beta of 1.38.

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.