SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Reaches New 12-Month High – Still a Buy?

SPDR S&P Homebuilders ETF (NYSEARCA:XHB)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $126.09 and last traded at $124.91, with a volume of 2146601 shares changing hands. The stock had previously closed at $119.94.

SPDR S&P Homebuilders ETF Trading Up 4.4 %

The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 15.57 and a beta of 1.38. The company has a fifty day moving average price of $120.01 and a 200-day moving average price of $112.41.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its position in SPDR S&P Homebuilders ETF by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,048,800 shares of the exchange traded fund’s stock valued at $117,037,000 after acquiring an additional 53,120 shares during the period. Global Financial Private Client LLC raised its position in SPDR S&P Homebuilders ETF by 4.7% in the 1st quarter. Global Financial Private Client LLC now owns 6,977 shares of the exchange traded fund’s stock valued at $768,000 after buying an additional 315 shares during the last quarter. Tidal Investments LLC grew its stake in SPDR S&P Homebuilders ETF by 94.3% in the first quarter. Tidal Investments LLC now owns 8,980 shares of the exchange traded fund’s stock valued at $1,002,000 after purchasing an additional 4,358 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of SPDR S&P Homebuilders ETF by 507.8% during the 1st quarter. Cetera Investment Advisers now owns 75,473 shares of the exchange traded fund’s stock worth $8,422,000 after acquiring an additional 63,055 shares during the period. Finally, Cetera Advisors LLC lifted its holdings in SPDR S&P Homebuilders ETF by 28.1% during the 1st quarter. Cetera Advisors LLC now owns 5,441 shares of the exchange traded fund’s stock worth $607,000 after purchasing an additional 1,192 shares during 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.