SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Hits New 12-Month Low – Should You Sell?

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) reached a new 52-week low during trading on Wednesday. The stock traded as low as $93.03 and last traded at $93.6570, with a volume of 9,119 shares traded. The stock had previously closed at $94.63.

SPDR S&P Homebuilders ETF Price Performance

The firm has a market capitalization of $1.47 billion, a P/E ratio of 11.47 and a beta of 1.25. The firm has a 50-day moving average price of $101.46 and a two-hundred day moving average price of $103.99.

Institutional Trading of SPDR S&P Homebuilders ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in XHB. Eastern Bank acquired a new position in shares of SPDR S&P Homebuilders ETF during the 2nd quarter worth approximately $35,000. Evolution Wealth Management Inc. acquired a new position in shares of SPDR S&P Homebuilders ETF in the first quarter worth $37,000. Bangor Savings Bank acquired a new position in shares of SPDR S&P Homebuilders ETF in the third quarter worth $38,000. Financial Life Planners acquired a new stake in shares of SPDR S&P Homebuilders ETF during the first quarter valued at $43,000. Finally, GAMMA Investing LLC purchased a new position in SPDR S&P Homebuilders ETF in the 3rd quarter valued at about $50,000.

SPDR S&P Homebuilders ETF Company 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.