Cwm LLC Cuts Stock Position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Cwm LLC reduced its position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 8.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,907 shares of the exchange traded fund’s stock after selling 3,106 shares during the quarter. Cwm LLC’s holdings in SPDR S&P Homebuilders ETF were worth $3,052,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Great Valley Advisor Group Inc. boosted its holdings in SPDR S&P Homebuilders ETF by 9.6% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,759 shares of the exchange traded fund’s stock valued at $211,000 after acquiring an additional 241 shares during the period. Viewpoint Capital Management LLC boosted its holdings in SPDR S&P Homebuilders ETF by 0.5% during the 3rd quarter. Viewpoint Capital Management LLC now owns 49,642 shares of the exchange traded fund’s stock valued at $3,801,000 after acquiring an additional 250 shares during the period. Institute for Wealth Management LLC. boosted its holdings in SPDR S&P Homebuilders ETF by 1.6% during the 4th quarter. Institute for Wealth Management LLC. now owns 17,723 shares of the exchange traded fund’s stock valued at $1,695,000 after acquiring an additional 275 shares during the period. Global Trust Asset Management LLC boosted its holdings in 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 acquiring an additional 300 shares during the period. Finally, AlphaMark Advisors LLC purchased a new stake in SPDR S&P Homebuilders ETF during the 4th quarter valued at about $34,000.

SPDR S&P Homebuilders ETF Price Performance

Shares of XHB stock opened at $102.63 on Thursday. The stock has a market capitalization of $1.78 billion, a PE ratio of 15.54 and a beta of 1.38. SPDR S&P Homebuilders ETF has a 1-year low of $67.46 and a 1-year high of $111.96. The business has a 50-day moving average of $104.70 and a 200 day moving average of $93.00.

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.