SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Sets New 1-Year Low – Here’s What Happened

Shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $96.42 and last traded at $96.34, with a volume of 839538 shares changing hands. The stock had previously closed at $98.01.

SPDR S&P Homebuilders ETF Trading Down 2.5 %

The company has a 50 day simple moving average of $105.36 and a 200 day simple moving average of $113.18. The stock has a market capitalization of $1.54 billion, a PE ratio of 12.86 and a beta of 1.48.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

Large investors have recently modified their holdings of the stock. Copia Wealth Management purchased a new position in SPDR S&P Homebuilders ETF during the fourth quarter worth about $25,000. Total Wealth Planning & Management Inc. acquired a new position in SPDR S&P Homebuilders ETF during the 4th quarter worth approximately $483,000. Jefferies Financial Group Inc. purchased a new position in shares of SPDR S&P Homebuilders ETF during the 4th quarter worth approximately $407,000. Bernard Wealth Management Corp. acquired a new stake in shares of SPDR S&P Homebuilders ETF in the 4th quarter valued at approximately $88,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of SPDR S&P Homebuilders ETF in the 4th quarter valued at approximately $9,959,000.

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.