PNC Financial Services Group Inc. Boosts Holdings in SPDR S&P Homebuilders ETF $XHB

PNC Financial Services Group Inc. lifted its position in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 59.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,311 shares of the exchange traded fund’s stock after buying an additional 20,318 shares during the period. PNC Financial Services Group Inc.’s holdings in SPDR S&P Homebuilders ETF were worth $6,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Childress Capital Advisors LLC purchased a new position in SPDR S&P Homebuilders ETF in the third quarter worth approximately $1,562,000. Focus Financial Network Inc. purchased a new stake in SPDR S&P Homebuilders ETF in the third quarter valued at $733,000. Envestnet Asset Management Inc. lifted its stake in shares of SPDR S&P Homebuilders ETF by 3.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 18,412 shares of the exchange traded fund’s stock valued at $1,815,000 after purchasing an additional 528 shares during the last quarter. Investment Management Corp VA ADV lifted its stake in shares of SPDR S&P Homebuilders ETF by 6,870.9% in the 3rd quarter. Investment Management Corp VA ADV now owns 5,507 shares of the exchange traded fund’s stock valued at $610,000 after purchasing an additional 5,428 shares during the last quarter. Finally, Capital Square LLC grew its holdings in shares of SPDR S&P Homebuilders ETF by 22.2% during the 2nd quarter. Capital Square LLC now owns 8,593 shares of the exchange traded fund’s stock worth $900,000 after purchasing an additional 1,560 shares during the period.

SPDR S&P Homebuilders ETF Trading Down 1.5%

Shares of NYSEARCA:XHB opened at $117.85 on Friday. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 11.47 and a beta of 1.29. SPDR S&P Homebuilders ETF has a 12-month low of $84.48 and a 12-month high of $123.13. The business has a 50-day moving average price of $111.04 and a 200 day moving average price of $109.99.

SPDR S&P Homebuilders ETF 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.