PNC Financial Services Group Inc. Cuts Stock Position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

PNC Financial Services Group Inc. cut its position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 49.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 46,443 shares of the exchange traded fund’s stock after selling 44,698 shares during the period. PNC Financial Services Group Inc.’s holdings in SPDR S&P Homebuilders ETF were worth $4,443,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. AlphaMark Advisors LLC bought a new position in SPDR S&P Homebuilders ETF in the fourth quarter worth about $34,000. BKM Wealth Management LLC bought a new position in SPDR S&P Homebuilders ETF in the fourth quarter worth about $48,000. Creekmur Asset Management LLC bought a new position in SPDR S&P Homebuilders ETF in the fourth quarter worth about $63,000. VitalStone Financial LLC raised its holdings in SPDR S&P Homebuilders ETF by 13,920.0% in the fourth quarter. VitalStone Financial LLC now owns 701 shares of the exchange traded fund’s stock worth $67,000 after purchasing an additional 696 shares in the last quarter. Finally, Global Trust Asset Management LLC raised its holdings in SPDR S&P Homebuilders ETF by 57.1% in the fourth quarter. Global Trust Asset Management LLC now owns 825 shares of the exchange traded fund’s stock worth $79,000 after purchasing an additional 300 shares in the last quarter.

SPDR S&P Homebuilders ETF Stock Performance

Shares of SPDR S&P Homebuilders ETF stock opened at $104.68 on Wednesday. The company has a market capitalization of $1.83 billion, a PE ratio of 15.57 and a beta of 1.38. The company has a 50-day simple moving average of $104.28 and a two-hundred day simple moving average of $100.82. SPDR S&P Homebuilders ETF has a one year low of $69.32 and a one year high of $111.96.

SPDR S&P Homebuilders ETF 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.