Viewpoint Capital Management LLC Sells 509 Shares of SPDR S&P Homebuilders ETF $XHB

Viewpoint Capital Management LLC lowered its position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,479 shares of the exchange traded fund’s stock after selling 509 shares during the quarter. SPDR S&P Homebuilders ETF accounts for approximately 2.8% of Viewpoint Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Viewpoint Capital Management LLC owned approximately 0.42% of SPDR S&P Homebuilders ETF worth $5,666,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Berkshire Money Management Inc. acquired a new position in SPDR S&P Homebuilders ETF in the 2nd quarter valued at approximately $49,000. Ameritas Advisory Services LLC acquired a new stake in SPDR S&P Homebuilders ETF in the second quarter valued at $180,000. Institute for Wealth Management LLC. increased its holdings in SPDR S&P Homebuilders ETF by 1.4% in the second quarter. Institute for Wealth Management LLC. now owns 19,444 shares of the exchange traded fund’s stock valued at $1,917,000 after purchasing an additional 277 shares during the period. HB Wealth Management LLC raised its position in SPDR S&P Homebuilders ETF by 5.9% during the 2nd quarter. HB Wealth Management LLC now owns 3,600 shares of the exchange traded fund’s stock worth $355,000 after purchasing an additional 200 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in SPDR S&P Homebuilders ETF by 145.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 20,268 shares of the exchange traded fund’s stock worth $1,998,000 after buying an additional 12,024 shares during the period.

SPDR S&P Homebuilders ETF Trading Down 2.1%

Shares of XHB stock opened at $109.82 on Tuesday. SPDR S&P Homebuilders ETF has a 1-year low of $84.48 and a 1-year high of $126.09. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 11.47 and a beta of 1.32. The stock has a 50-day moving average of $112.16 and a 200-day moving average of $102.29.

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.