SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Hits New 1-Year High – Here’s Why

Shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) hit a new 52-week high during trading on Tuesday . The stock traded as high as $120.73 and last traded at $120.3640, with a volume of 2188500 shares trading hands. The stock had previously closed at $117.05.

SPDR S&P Homebuilders ETF Stock Up 2.8%

The stock’s 50-day moving average price is $109.04 and its 200 day moving average price is $109.19. The company has a market cap of $1.88 billion, a P/E ratio of 11.47 and a beta of 1.29.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. bought a new stake in SPDR S&P Homebuilders ETF in the 2nd quarter valued at $118,481,000. Barclays PLC raised its holdings in SPDR S&P Homebuilders ETF by 933.7% in the 3rd quarter. Barclays PLC now owns 871,789 shares of the exchange traded fund’s stock valued at $96,594,000 after acquiring an additional 787,454 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of SPDR S&P Homebuilders ETF by 529.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 720,762 shares of the exchange traded fund’s stock worth $79,860,000 after acquiring an additional 606,305 shares during the period. Moore Capital Management LP acquired a new stake in shares of SPDR S&P Homebuilders ETF during the 3rd quarter worth approximately $49,513,000. Finally, Annex Advisory Services LLC bought a new stake in shares of SPDR S&P Homebuilders ETF during the third quarter valued at approximately $45,309,000.

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.