SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Shares Sold by Principal Securities Inc.

Principal Securities Inc. cut its holdings in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 48.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,464 shares of the exchange traded fund’s stock after selling 2,322 shares during the period. Principal Securities Inc.’s holdings in SPDR S&P Homebuilders ETF were worth $258,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of XHB. Raymond James & Associates boosted its holdings in shares of SPDR S&P Homebuilders ETF by 56.6% in the 3rd quarter. Raymond James & Associates now owns 50,988 shares of the exchange traded fund’s stock valued at $6,351,000 after buying an additional 18,439 shares during the period. Brighton Jones LLC acquired a new position in shares of SPDR S&P Homebuilders ETF in the 3rd quarter valued at about $252,000. Allworth Financial LP boosted its holdings in shares of SPDR S&P Homebuilders ETF by 10.9% in the 3rd quarter. Allworth Financial LP now owns 1,018 shares of the exchange traded fund’s stock valued at $127,000 after buying an additional 100 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of SPDR S&P Homebuilders ETF in the 3rd quarter valued at about $236,000. Finally, Arkadios Wealth Advisors boosted its holdings in shares of SPDR S&P Homebuilders ETF by 6.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 4,486 shares of the exchange traded fund’s stock valued at $559,000 after buying an additional 266 shares during the period.

SPDR S&P Homebuilders ETF Stock Performance

NYSEARCA XHB opened at $101.11 on Monday. The company has a 50-day simple moving average of $106.92 and a 200-day simple moving average of $114.17. The firm has a market capitalization of $1.76 billion, a PE ratio of 15.57 and a beta of 1.38. SPDR S&P Homebuilders ETF has a one year low of $97.40 and a one year high of $126.09.

SPDR S&P Homebuilders ETF 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.