Principal Financial Group Inc. Buys New Stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Principal Financial Group Inc. acquired a new position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 28,996 shares of the exchange traded fund’s stock, valued at approximately $3,030,000. Principal Financial Group Inc. owned 0.17% of SPDR S&P Homebuilders ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of XHB. PNC Financial Services Group Inc. grew its stake in shares of SPDR S&P Homebuilders ETF by 143.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 82,907 shares of the exchange traded fund’s stock valued at $10,327,000 after buying an additional 48,910 shares during the period. HMS Capital Management LLC raised its holdings in shares of SPDR S&P Homebuilders ETF by 2.3% in the 3rd quarter. HMS Capital Management LLC now owns 66,483 shares of the exchange traded fund’s stock valued at $8,281,000 after purchasing an additional 1,469 shares in the last quarter. Kingsview Wealth Management LLC grew its position in shares of SPDR S&P Homebuilders ETF by 2,386.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 63,554 shares of the exchange traded fund’s stock valued at $7,916,000 after buying an additional 60,998 shares during the last quarter. Viewpoint Capital Management LLC grew its position in shares of SPDR S&P Homebuilders ETF by 6.7% in the 4th quarter. Viewpoint Capital Management LLC now owns 56,929 shares of the exchange traded fund’s stock valued at $5,949,000 after buying an additional 3,557 shares during the last quarter. Finally, Stifel Financial Corp grew its position in SPDR S&P Homebuilders ETF by 56.7% during the 3rd quarter. Stifel Financial Corp now owns 55,032 shares of the exchange traded fund’s stock worth $6,855,000 after purchasing an additional 19,905 shares during the last quarter.

SPDR S&P Homebuilders ETF Stock Down 0.8 %

Shares of NYSEARCA XHB opened at $98.19 on Wednesday. SPDR S&P Homebuilders ETF has a 52 week low of $96.51 and a 52 week high of $126.09. The firm has a 50-day moving average price of $106.10 and a 200 day moving average price of $113.85. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 12.86 and a beta of 1.48.

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.