2,459 Shares in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Acquired by Summit Financial LLC

Summit Financial LLC purchased a new stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,459 shares of the exchange traded fund’s stock, valued at approximately $235,000.

Several other large investors also recently made changes to their positions in the stock. Great Valley Advisor Group Inc. boosted its position in shares of SPDR S&P Homebuilders ETF by 9.6% during the third quarter. Great Valley Advisor Group Inc. now owns 2,759 shares of the exchange traded fund’s stock worth $211,000 after buying an additional 241 shares during the period. Viewpoint Capital Management LLC raised its position in SPDR S&P Homebuilders ETF by 0.5% in the 3rd quarter. Viewpoint Capital Management LLC now owns 49,642 shares of the exchange traded fund’s stock valued at $3,801,000 after buying an additional 250 shares during the last quarter. Institute for Wealth Management LLC. lifted its stake in SPDR S&P Homebuilders ETF by 1.6% in the 4th quarter. Institute for Wealth Management LLC. now owns 17,723 shares of the exchange traded fund’s stock valued at $1,695,000 after acquiring an additional 275 shares in the last quarter. Global Trust Asset Management LLC boosted its position in SPDR S&P Homebuilders ETF by 57.1% during the 4th quarter. Global Trust Asset Management LLC now owns 825 shares of the exchange traded fund’s stock worth $79,000 after acquiring an additional 300 shares during the last quarter. Finally, AlphaMark Advisors LLC bought a new position in shares of SPDR S&P Homebuilders ETF during the 4th quarter worth approximately $34,000.

SPDR S&P Homebuilders ETF Stock Up 1.6 %

Shares of XHB stock opened at $105.19 on Friday. SPDR S&P Homebuilders ETF has a 12 month low of $68.39 and a 12 month high of $111.96. The company’s fifty day simple moving average is $105.33 and its 200-day simple moving average is $94.30. The firm has a market cap of $1.84 billion, a PE ratio of 15.57 and a beta of 1.38.

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.