Institute for Wealth Management LLC. Has $1.92 Million Position in SPDR S&P Homebuilders ETF $XHB

Institute for Wealth Management LLC. increased its stake in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,444 shares of the exchange traded fund’s stock after buying an additional 277 shares during the quarter. Institute for Wealth Management LLC. owned about 0.14% of SPDR S&P Homebuilders ETF worth $1,917,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Stratos Wealth Partners LTD. grew its position in SPDR S&P Homebuilders ETF by 21.2% during the first quarter. Stratos Wealth Partners LTD. now owns 3,728 shares of the exchange traded fund’s stock worth $361,000 after buying an additional 652 shares in the last quarter. AAFMAA Wealth Management & Trust LLC grew its position in SPDR S&P Homebuilders ETF by 6.0% during the second quarter. AAFMAA Wealth Management & Trust LLC now owns 23,598 shares of the exchange traded fund’s stock worth $2,326,000 after buying an additional 1,327 shares in the last quarter. Fifth Third Bancorp acquired a new stake in SPDR S&P Homebuilders ETF during the first quarter worth approximately $39,000. Oppenheimer & Co. Inc. acquired a new stake in SPDR S&P Homebuilders ETF during the first quarter worth approximately $974,000. Finally, Vestcor Inc acquired a new stake in SPDR S&P Homebuilders ETF during the first quarter worth approximately $3,876,000.

SPDR S&P Homebuilders ETF Price Performance

Shares of NYSEARCA:XHB opened at $110.80 on Wednesday. The company has a market capitalization of $1.63 billion, a P/E ratio of 11.47 and a beta of 1.32. SPDR S&P Homebuilders ETF has a 1 year low of $84.48 and a 1 year high of $126.09. The business’s 50 day simple moving average is $111.78 and its 200 day simple moving average is $101.90.

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.