Delta Investment Management LLC Makes New $688,000 Investment in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Delta Investment Management LLC purchased a new stake in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,192 shares of the exchange traded fund’s stock, valued at approximately $688,000.

A number of other large investors have also recently modified their holdings of the company. Meridian Wealth Management LLC bought a new stake in SPDR S&P Homebuilders ETF during the 3rd quarter valued at $255,000. Commonwealth Equity Services LLC raised its holdings in shares of SPDR S&P Homebuilders ETF by 66.8% in the third quarter. Commonwealth Equity Services LLC now owns 35,219 shares of the exchange traded fund’s stock valued at $2,697,000 after acquiring an additional 14,100 shares in the last quarter. Raymond James & Associates lifted its stake in SPDR S&P Homebuilders ETF by 6.6% in the third quarter. Raymond James & Associates now owns 41,573 shares of the exchange traded fund’s stock worth $3,183,000 after acquiring an additional 2,556 shares during the period. Stratos Wealth Partners LTD. grew its holdings in SPDR S&P Homebuilders ETF by 35.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 11,615 shares of the exchange traded fund’s stock worth $889,000 after acquiring an additional 3,061 shares in the last quarter. Finally, Affinity Wealth Management LLC increased its position in SPDR S&P Homebuilders ETF by 9.7% during the 3rd quarter. Affinity Wealth Management LLC now owns 233,786 shares of the exchange traded fund’s stock valued at $17,901,000 after purchasing an additional 20,673 shares during the period.

SPDR S&P Homebuilders ETF Stock Performance

NYSEARCA:XHB opened at $103.72 on Friday. The firm has a 50-day simple moving average of $104.93 and a 200-day simple moving average of $93.44. SPDR S&P Homebuilders ETF has a one year low of $68.14 and a one year high of $111.96. The firm has a market cap of $1.80 billion, a P/E ratio of 15.54 and a beta of 1.38.

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.