Client First Investment Management LLC Has $1.55 Million Stock Holdings in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Client First Investment Management LLC trimmed its position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 53.0% in the second quarter, Holdings Channel.com reports. The firm owned 15,283 shares of the exchange traded fund’s stock after selling 17,254 shares during the period. SPDR S&P Homebuilders ETF comprises approximately 1.2% of Client First Investment Management LLC’s portfolio, making the stock its 11th largest holding. Client First Investment Management LLC’s holdings in SPDR S&P Homebuilders ETF were worth $1,545,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in shares of SPDR S&P Homebuilders ETF by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,048,800 shares of the exchange traded fund’s stock worth $117,037,000 after buying an additional 53,120 shares during the last quarter. Mirae Asset Securities USA Inc. bought a new stake in shares of SPDR S&P Homebuilders ETF during the 2nd quarter valued at $50,540,000. Schroder Investment Management Group lifted its stake in shares of SPDR S&P Homebuilders ETF by 2.2% in the 4th quarter. Schroder Investment Management Group now owns 212,087 shares of the exchange traded fund’s stock valued at $20,288,000 after purchasing an additional 4,522 shares during the period. Q3 Asset Management boosted its position in shares of SPDR S&P Homebuilders ETF by 3.3% in the 1st quarter. Q3 Asset Management now owns 154,230 shares of the exchange traded fund’s stock worth $17,210,000 after purchasing an additional 4,892 shares during the last quarter. Finally, Meitav Investment House Ltd. grew its stake in shares of SPDR S&P Homebuilders ETF by 1.2% during the second quarter. Meitav Investment House Ltd. now owns 135,893 shares of the exchange traded fund’s stock worth $13,736,000 after purchasing an additional 1,561 shares during the period.

SPDR S&P Homebuilders ETF Trading Down 2.2 %

NYSEARCA XHB opened at $122.30 on Friday. SPDR S&P Homebuilders ETF has a 12 month low of $69.32 and a 12 month high of $125.20. The stock has a 50-day simple moving average of $114.08 and a 200 day simple moving average of $107.92. The company has a market capitalization of $2.13 billion, a PE ratio of 15.57 and a beta of 1.38.

About SPDR S&P Homebuilders ETF

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.