Merit Financial Group LLC Lowers Stock Position in SPDR S&P Homebuilders ETF $XHB

Merit Financial Group LLC trimmed its stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 67.0% during the third quarter, Holdings Channel.com reports. The fund owned 6,401 shares of the exchange traded fund’s stock after selling 12,991 shares during the period. Merit Financial Group LLC’s holdings in SPDR S&P Homebuilders ETF were worth $709,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Founders Financial Alliance LLC acquired a new stake in SPDR S&P Homebuilders ETF in the 3rd quarter valued at approximately $27,000. Guidance Capital Inc. increased its stake in SPDR S&P Homebuilders ETF by 6.2% during the third quarter. Guidance Capital Inc. now owns 13,346 shares of the exchange traded fund’s stock worth $1,452,000 after purchasing an additional 783 shares during the period. PNC Financial Services Group Inc. increased its stake in SPDR S&P Homebuilders ETF by 59.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 54,311 shares of the exchange traded fund’s stock worth $6,018,000 after buying an additional 20,318 shares during the period. Florida Financial Advisors LLC purchased a new stake in SPDR S&P Homebuilders ETF during the 3rd quarter worth approximately $253,000. Finally, Lyell Wealth Management LP lifted its holdings in SPDR S&P Homebuilders ETF by 15.4% during the 3rd quarter. Lyell Wealth Management LP now owns 8,230 shares of the exchange traded fund’s stock worth $912,000 after buying an additional 1,100 shares in the last quarter.

SPDR S&P Homebuilders ETF Stock Down 1.5%

NYSEARCA:XHB opened at $117.85 on Friday. SPDR S&P Homebuilders ETF has a 52 week low of $84.48 and a 52 week high of $123.13. The company has a fifty day simple moving average of $111.04 and a two-hundred day simple moving average of $109.99. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 11.47 and a beta of 1.29.

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.