Baird Financial Group Inc. Raises Stock Position in SPDR S&P Homebuilders ETF $XHB

Baird Financial Group Inc. grew its stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 272.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,859 shares of the exchange traded fund’s stock after buying an additional 26,225 shares during the period. Baird Financial Group Inc.’s holdings in SPDR S&P Homebuilders ETF were worth $3,535,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XHB. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in SPDR S&P Homebuilders ETF in the second quarter valued at $118,481,000. Ameriprise Financial Inc. increased its position in shares of SPDR S&P Homebuilders ETF by 2.8% during the first quarter. Ameriprise Financial Inc. now owns 509,916 shares of the exchange traded fund’s stock worth $49,398,000 after purchasing an additional 13,874 shares in the last quarter. Mirae Asset Securities USA Inc. lifted its holdings in shares of SPDR S&P Homebuilders ETF by 100.0% in the 2nd quarter. Mirae Asset Securities USA Inc. now owns 500,000 shares of the exchange traded fund’s stock valued at $49,285,000 after purchasing an additional 250,000 shares during the last quarter. Meitav Investment House Ltd. boosted its position in shares of SPDR S&P Homebuilders ETF by 0.3% in the 2nd quarter. Meitav Investment House Ltd. now owns 205,904 shares of the exchange traded fund’s stock valued at $20,296,000 after purchasing an additional 545 shares during the period. Finally, Royal Bank of Canada grew its stake in SPDR S&P Homebuilders ETF by 15.6% during the 1st quarter. Royal Bank of Canada now owns 156,896 shares of the exchange traded fund’s stock worth $15,203,000 after buying an additional 21,230 shares during the last quarter.

SPDR S&P Homebuilders ETF Stock Up 3.1%

XHB opened at $107.90 on Thursday. SPDR S&P Homebuilders ETF has a 52 week low of $84.48 and a 52 week high of $120.58. The business’s 50 day moving average is $106.35 and its two-hundred day moving average is $105.97. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 11.47 and a beta of 1.29.

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.