Lyell Wealth Management LP Has $597,000 Stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Lyell Wealth Management LP increased its stake in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 33.9% during the fourth quarter, HoldingsChannel reports. The fund owned 6,245 shares of the exchange traded fund’s stock after buying an additional 1,580 shares during the period. Lyell Wealth Management LP’s holdings in SPDR S&P Homebuilders ETF were worth $597,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in XHB. Meridian Wealth Management LLC acquired a new stake in shares of SPDR S&P Homebuilders ETF in the third quarter valued at approximately $255,000. Commonwealth Equity Services LLC lifted its position in shares of SPDR S&P Homebuilders ETF by 66.8% in the third quarter. Commonwealth Equity Services LLC now owns 35,219 shares of the exchange traded fund’s stock valued at $2,697,000 after buying an additional 14,100 shares during the last quarter. Raymond James & Associates increased its stake in shares of SPDR S&P Homebuilders ETF by 6.6% during the third quarter. Raymond James & Associates now owns 41,573 shares of the exchange traded fund’s stock worth $3,183,000 after purchasing an additional 2,556 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of SPDR S&P Homebuilders ETF by 35.8% during the third quarter. Stratos Wealth Partners LTD. now owns 11,615 shares of the exchange traded fund’s stock worth $889,000 after purchasing an additional 3,061 shares during the period. Finally, Affinity Wealth Management LLC increased its stake in shares of SPDR S&P Homebuilders ETF by 9.7% during the third quarter. Affinity Wealth Management LLC now owns 233,786 shares of the exchange traded fund’s stock worth $17,901,000 after purchasing an additional 20,673 shares during the period.

SPDR S&P Homebuilders ETF Stock Performance

Shares of NYSEARCA XHB traded down $0.11 during trading hours on Thursday, reaching $102.52. 3,710,459 shares of the stock were exchanged, compared to its average volume of 2,859,143. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 15.54 and a beta of 1.38. SPDR S&P Homebuilders ETF has a 52 week low of $67.46 and a 52 week high of $111.96. The stock’s fifty day simple moving average is $104.77 and its 200 day simple moving average is $93.07.

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.