SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Sees Unusually-High Trading Volume

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) shares saw strong trading volume on Wednesday . 1,248,249 shares traded hands during trading, a decline of 55% from the previous session’s volume of 2,748,026 shares.The stock last traded at $105.17 and had previously closed at $108.40.

SPDR S&P Homebuilders ETF Trading Up 0.4 %

The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 7.34 and a beta of 1.32. The stock has a fifty day moving average price of $103.98 and a 200 day moving average price of $91.30.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in XHB. Retirement Group LLC grew its holdings in SPDR S&P Homebuilders ETF by 35.5% in the 4th quarter. Retirement Group LLC now owns 573 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 150 shares during the last quarter. Udine Wealth Management Inc. grew its holdings in SPDR S&P Homebuilders ETF by 0.8% in the 3rd quarter. Udine Wealth Management Inc. now owns 21,285 shares of the exchange traded fund’s stock valued at $1,630,000 after buying an additional 171 shares during the last quarter. Harbour Investments Inc. grew its holdings in SPDR S&P Homebuilders ETF by 3.4% in the 2nd quarter. Harbour Investments Inc. now owns 5,276 shares of the exchange traded fund’s stock valued at $424,000 after buying an additional 173 shares during the last quarter. Creative Planning grew its holdings in SPDR S&P Homebuilders ETF by 2.1% in the 4th quarter. Creative Planning now owns 9,386 shares of the exchange traded fund’s stock valued at $898,000 after buying an additional 191 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in SPDR S&P Homebuilders ETF by 2.7% in the 4th quarter. Kestra Advisory Services LLC now owns 8,264 shares of the exchange traded fund’s stock valued at $791,000 after buying an additional 221 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.