Client First Investment Management LLC Has $1.55 Million Stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Client First Investment Management LLC reduced its stake in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 53.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,283 shares of the exchange traded fund’s stock after selling 17,254 shares during the quarter. SPDR S&P Homebuilders ETF accounts for 1.2% of Client First Investment Management LLC’s portfolio, making the stock its 11th largest position. Client First Investment Management LLC owned about 0.09% of SPDR S&P Homebuilders ETF worth $1,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in XHB. 360 Financial Inc. bought a new stake in SPDR S&P Homebuilders ETF during the 4th quarter worth approximately $7,132,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of SPDR S&P Homebuilders ETF by 49.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,385 shares of the exchange traded fund’s stock worth $713,000 after purchasing an additional 2,105 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of SPDR S&P Homebuilders ETF by 26.9% in the second quarter. Harbour Investments Inc. now owns 7,113 shares of the exchange traded fund’s stock valued at $719,000 after buying an additional 1,507 shares in the last quarter. Raymond James & Associates raised its holdings in shares of SPDR S&P Homebuilders ETF by 0.3% in the second quarter. Raymond James & Associates now owns 32,549 shares of the exchange traded fund’s stock valued at $3,290,000 after buying an additional 106 shares during the last quarter. Finally, Belpointe Asset Management LLC lifted its position in SPDR S&P Homebuilders ETF by 51.2% during the 4th quarter. Belpointe Asset Management LLC now owns 24,725 shares of the exchange traded fund’s stock worth $2,365,000 after buying an additional 8,371 shares in the last quarter.

SPDR S&P Homebuilders ETF Trading Down 2.2 %

XHB opened at $122.30 on Friday. SPDR S&P Homebuilders ETF has a 1-year low of $69.32 and a 1-year high of $125.20. The stock has a market capitalization of $2.13 billion, a PE ratio of 15.57 and a beta of 1.38. The firm has a 50-day moving average price of $114.08 and a two-hundred day moving average price of $107.92.

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.