Merit Financial Group LLC Lowers Stock Holdings in SPDR S&P Homebuilders ETF $XHB

Merit Financial Group LLC lowered its stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 67.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,401 shares of the exchange traded fund’s stock after selling 12,991 shares during the period. Merit Financial Group LLC’s holdings in SPDR S&P Homebuilders ETF were worth $709,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Assetmark Inc. grew its position in SPDR S&P Homebuilders ETF by 424.0% in the 2nd quarter. Assetmark Inc. now owns 262 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 212 shares during the last quarter. Private Wealth Asset Management LLC purchased a new position in SPDR S&P Homebuilders ETF during the 2nd quarter worth $39,000. Berkshire Money Management Inc. acquired a new stake in shares of SPDR S&P Homebuilders ETF in the 2nd quarter worth $49,000. Private Trust Co. NA boosted its holdings in shares of SPDR S&P Homebuilders ETF by 128.0% in the second quarter. Private Trust Co. NA now owns 734 shares of the exchange traded fund’s stock valued at $72,000 after acquiring an additional 412 shares in the last quarter. Finally, AlphaCore Capital LLC increased its stake in shares of SPDR S&P Homebuilders ETF by 50.7% during the second quarter. AlphaCore Capital LLC now owns 803 shares of the exchange traded fund’s stock worth $79,000 after acquiring an additional 270 shares during the period.

SPDR S&P Homebuilders ETF Stock Down 2.0%

NYSEARCA XHB opened at $103.76 on Thursday. The stock has a market capitalization of $1.64 billion, a P/E ratio of 11.47 and a beta of 1.29. SPDR S&P Homebuilders ETF has a 52-week low of $84.48 and a 52-week high of $120.58. The firm has a 50-day moving average price of $105.28 and a 200 day moving average price of $107.40.

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.