SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Sets New 1-Year High at $111.63

SPDR S&P Homebuilders ETF (NYSEARCA:XHB)’s stock price hit a new 52-week high on Thursday . The company traded as high as $111.63 and last traded at $111.59, with a volume of 691698 shares changing hands. The stock had previously closed at $110.65.

SPDR S&P Homebuilders ETF Price Performance

The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 7.34 and a beta of 1.32. The stock has a 50 day moving average price of $101.06 and a two-hundred day moving average price of $89.13.

Hedge Funds Weigh In On SPDR S&P Homebuilders ETF

Several institutional investors have recently modified their holdings of the stock. Stelac Advisory Services LLC bought a new position in shares of SPDR S&P Homebuilders ETF during the 1st quarter valued at about $10,580,000. Baird Financial Group Inc. lifted its stake in SPDR S&P Homebuilders ETF by 104.9% in the 1st quarter. Baird Financial Group Inc. now owns 18,069 shares of the exchange traded fund’s stock valued at $1,142,000 after acquiring an additional 9,252 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in SPDR S&P Homebuilders ETF in the 1st quarter valued at approximately $25,000. Ergoteles LLC bought a new stake in SPDR S&P Homebuilders ETF in the 1st quarter valued at approximately $2,675,000. Finally, Hsbc Holdings PLC lifted its stake in SPDR S&P Homebuilders ETF by 4.0% in the 1st quarter. Hsbc Holdings PLC now owns 8,904 shares of the exchange traded fund’s stock valued at $564,000 after acquiring an additional 339 shares in the last quarter.

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.