PNC Financial Services Group Inc. Sells 44,698 Shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

PNC Financial Services Group Inc. lowered its stake in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 49.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 46,443 shares of the exchange traded fund’s stock after selling 44,698 shares during the period. PNC Financial Services Group Inc. owned approximately 0.27% of SPDR S&P Homebuilders ETF worth $4,443,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaMark Advisors LLC bought a new position in SPDR S&P Homebuilders ETF during the 4th quarter valued at about $34,000. BKM Wealth Management LLC purchased a new stake in shares of SPDR S&P Homebuilders ETF during the 4th quarter valued at about $48,000. Creekmur Asset Management LLC purchased a new stake in shares of SPDR S&P Homebuilders ETF during the 4th quarter valued at about $63,000. VitalStone Financial LLC increased its position in shares of SPDR S&P Homebuilders ETF by 13,920.0% during the 4th quarter. VitalStone Financial LLC now owns 701 shares of the exchange traded fund’s stock valued at $67,000 after purchasing an additional 696 shares during the last quarter. Finally, Global Trust Asset Management LLC increased its position in shares of SPDR S&P Homebuilders ETF by 57.1% during the 4th quarter. Global Trust Asset Management LLC now owns 825 shares of the exchange traded fund’s stock valued at $79,000 after purchasing an additional 300 shares during the last quarter.

SPDR S&P Homebuilders ETF Stock Down 0.1 %

NYSEARCA XHB opened at $104.68 on Wednesday. SPDR S&P Homebuilders ETF has a 52 week low of $69.32 and a 52 week high of $111.96. The firm has a market capitalization of $1.83 billion, a P/E ratio of 15.57 and a beta of 1.38. The company has a 50-day moving average price of $104.28 and a 200-day moving average price of $100.82.

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.