Palumbo Wealth Management LLC Buys New Position in SPDR S&P Homebuilders ETF $XHB

Palumbo Wealth Management LLC bought a new stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 27,687 shares of the exchange traded fund’s stock, valued at approximately $2,851,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Barclays PLC grew its position in SPDR S&P Homebuilders ETF by 933.7% during the third 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 during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of SPDR S&P Homebuilders ETF by 529.7% in the third quarter. BNP Paribas Financial Markets now owns 720,762 shares of the exchange traded fund’s stock worth $79,860,000 after purchasing an additional 606,305 shares during the last quarter. Moore Capital Management LP bought a new position in shares of SPDR S&P Homebuilders ETF in the third quarter worth approximately $49,513,000. Annex Advisory Services LLC bought a new position in shares of SPDR S&P Homebuilders ETF in the third quarter worth approximately $45,309,000. Finally, Kingsview Wealth Management LLC bought a new position in shares of SPDR S&P Homebuilders ETF in the third quarter worth approximately $15,519,000.

SPDR S&P Homebuilders ETF Stock Performance

Shares of SPDR S&P Homebuilders ETF stock opened at $96.98 on Wednesday. SPDR S&P Homebuilders ETF has a 52-week low of $84.48 and a 52-week high of $123.13. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 11.47 and a beta of 1.32. The company’s 50 day moving average price is $108.27 and its 200-day moving average price is $107.77.

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.