SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Reaches New 52-Week High – Here’s Why

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $125.50 and last traded at $125.47, with a volume of 717884 shares. The stock had previously closed at $123.67.

SPDR S&P Homebuilders ETF Stock Up 0.1 %

The company has a market capitalization of $2.16 billion, a PE ratio of 15.57 and a beta of 1.38. The stock has a 50-day moving average of $116.97 and a 200 day moving average of $109.69.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

Several hedge funds have recently bought and sold shares of the stock. Family Firm Inc. bought a new position in shares of SPDR S&P Homebuilders ETF during the second quarter valued at about $62,000. Creekmur Asset Management LLC bought a new stake in SPDR S&P Homebuilders ETF in the fourth quarter valued at $63,000. National Bank of Canada FI raised its stake in SPDR S&P Homebuilders ETF by 238.1% in the second quarter. National Bank of Canada FI now owns 710 shares of the exchange traded fund’s stock worth $70,000 after buying an additional 500 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in SPDR S&P Homebuilders ETF during the first quarter valued at $88,000. Finally, ORG Partners LLC bought a new stake in shares of SPDR S&P Homebuilders ETF in the 2nd quarter worth approximately $93,000.

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.