BNP Paribas Financial Markets Buys 606,305 Shares of SPDR S&P Homebuilders ETF $XHB

BNP Paribas Financial Markets increased its stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 529.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 720,762 shares of the exchange traded fund’s stock after acquiring an additional 606,305 shares during the quarter. BNP Paribas Financial Markets’ holdings in SPDR S&P Homebuilders ETF were worth $79,860,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Founders Financial Alliance LLC bought a new position in SPDR S&P Homebuilders ETF during the 3rd quarter worth approximately $27,000. Allspring Global Investments Holdings LLC bought a new stake in shares of SPDR S&P Homebuilders ETF in the 3rd quarter valued at $33,000. Bangor Savings Bank acquired a new stake in shares of SPDR S&P Homebuilders ETF during the third quarter worth $44,000. Quantbot Technologies LP increased its position in shares of SPDR S&P Homebuilders ETF by 66.4% during the third quarter. Quantbot Technologies LP now owns 426 shares of the exchange traded fund’s stock worth $47,000 after buying an additional 170 shares during the period. Finally, Financial Life Planners bought a new position in SPDR S&P Homebuilders ETF during the third quarter worth $48,000.

SPDR S&P Homebuilders ETF Stock Down 2.9%

XHB stock opened at $100.08 on Friday. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 11.47 and a beta of 1.29. The company’s fifty day simple moving average is $112.70 and its 200 day simple moving average is $109.95. SPDR S&P Homebuilders ETF has a 12-month low of $84.48 and a 12-month high of $123.13.

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.