Gerber Kawasaki Wealth & Investment Management Trims Stock Position in SPDR S&P Homebuilders ETF $XHB

Gerber Kawasaki Wealth & Investment Management decreased its holdings in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 14.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,923 shares of the exchange traded fund’s stock after selling 6,805 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR S&P Homebuilders ETF were worth $4,423,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in XHB. Jones Financial Companies Lllp grew its position in shares of SPDR S&P Homebuilders ETF by 24.0% during the 1st quarter. Jones Financial Companies Lllp now owns 6,638 shares of the exchange traded fund’s stock valued at $643,000 after acquiring an additional 1,283 shares during the period. Focus Partners Wealth lifted its position in SPDR S&P Homebuilders ETF by 190.6% during the first quarter. Focus Partners Wealth now owns 8,710 shares of the exchange traded fund’s stock valued at $844,000 after purchasing an additional 5,713 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in SPDR S&P Homebuilders ETF by 3.0% during the second quarter. Envestnet Asset Management Inc. now owns 18,412 shares of the exchange traded fund’s stock valued at $1,815,000 after purchasing an additional 528 shares during the period. Assetmark Inc. increased its position in SPDR S&P Homebuilders ETF by 424.0% in the second quarter. Assetmark Inc. now owns 262 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 212 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of SPDR S&P Homebuilders ETF by 32.3% in the second quarter. Allworth Financial LP now owns 1,230 shares of the exchange traded fund’s stock worth $121,000 after buying an additional 300 shares during the period.

SPDR S&P Homebuilders ETF Stock Down 2.5%

XHB stock opened at $105.55 on Monday. The business’s 50-day moving average price is $112.74 and its 200-day moving average price is $110.20. The stock has a market cap of $1.65 billion, a P/E ratio of 11.47 and a beta of 1.29. SPDR S&P Homebuilders ETF has a twelve month low of $84.48 and a twelve month high of $123.13.

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.