SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Sees Large Volume Increase – Time to Buy?

Shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) saw unusually-strong trading volume on Wednesday . Approximately 2,211,953 shares changed hands during mid-day trading, an increase of 106% from the previous session’s volume of 1,073,488 shares.The stock last traded at $104.3710 and had previously closed at $105.87.

SPDR S&P Homebuilders ETF Stock Performance

The business’s fifty day moving average price is $105.31 and its two-hundred day moving average price is $107.42. The firm has a market capitalization of $1.64 billion, a P/E ratio of 11.47 and a beta of 1.29.

Hedge Funds Weigh In On SPDR S&P Homebuilders ETF

A number of large investors have recently made changes to their positions in XHB. Focus Financial Network Inc. acquired a new position in SPDR S&P Homebuilders ETF during the third quarter worth $733,000. AAFMAA Wealth Management & Trust LLC grew its position in shares of SPDR S&P Homebuilders ETF by 6.0% in the second quarter. AAFMAA Wealth Management & Trust LLC now owns 23,598 shares of the exchange traded fund’s stock valued at $2,326,000 after purchasing an additional 1,327 shares in the last quarter. Ellis Investment Partners LLC increased its stake in shares of SPDR S&P Homebuilders ETF by 8.3% in the 2nd quarter. Ellis Investment Partners LLC now owns 33,218 shares of the exchange traded fund’s stock worth $3,274,000 after acquiring an additional 2,537 shares during the last quarter. Bogart Wealth LLC increased its position in SPDR S&P Homebuilders ETF by 9.7% during the second quarter. Bogart Wealth LLC now owns 28,447 shares of the exchange traded fund’s stock worth $2,804,000 after purchasing an additional 2,516 shares during the last quarter. Finally, Childress Capital Advisors LLC acquired a new stake in shares of SPDR S&P Homebuilders ETF during the 3rd quarter worth approximately $1,562,000.

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.