J.W. Cole Advisors Inc. Invests $229,000 in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

J.W. Cole Advisors Inc. acquired a new position in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) during the third quarter, Holdings Channel reports. The institutional investor acquired 1,836 shares of the exchange traded fund’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in XHB. Financial Management Professionals Inc. grew its stake in SPDR S&P Homebuilders ETF by 6.9% in the 3rd quarter. Financial Management Professionals Inc. now owns 8,096 shares of the exchange traded fund’s stock valued at $1,008,000 after acquiring an additional 524 shares during the period. Viewpoint Capital Management LLC grew its stake in SPDR S&P Homebuilders ETF by 7.3% in the 3rd quarter. Viewpoint Capital Management LLC now owns 53,372 shares of the exchange traded fund’s stock valued at $6,633,000 after acquiring an additional 3,615 shares during the period. Arkadios Wealth Advisors grew its stake in SPDR S&P Homebuilders ETF by 6.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 4,486 shares of the exchange traded fund’s stock valued at $559,000 after acquiring an additional 266 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in SPDR S&P Homebuilders ETF in the 3rd quarter valued at $236,000. Finally, Lyell Wealth Management LP grew its stake in SPDR S&P Homebuilders ETF by 6.1% in the 3rd quarter. Lyell Wealth Management LP now owns 7,000 shares of the exchange traded fund’s stock valued at $872,000 after acquiring an additional 405 shares during the period.

SPDR S&P Homebuilders ETF Stock Performance

SPDR S&P Homebuilders ETF stock opened at $114.60 on Friday. The company’s fifty day moving average price is $119.45 and its 200 day moving average price is $110.73. SPDR S&P Homebuilders ETF has a 1 year low of $75.04 and a 1 year high of $126.07. The stock has a market capitalization of $2.00 billion, a P/E ratio of 15.57 and a beta of 1.38.

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.