Institute for Wealth Management LLC. Increases Stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Institute for Wealth Management LLC. lifted its stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,854 shares of the exchange traded fund’s stock after purchasing an additional 717 shares during the quarter. Institute for Wealth Management LLC. owned about 0.11% of SPDR S&P Homebuilders ETF worth $1,970,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Howe & Rusling Inc. acquired a new position in SPDR S&P Homebuilders ETF in the 3rd quarter valued at about $28,000. St. Johns Investment Management Company LLC acquired a new position in SPDR S&P Homebuilders ETF in the fourth quarter valued at approximately $65,000. Northwest Investment Counselors LLC purchased a new position in SPDR S&P Homebuilders ETF in the third quarter worth approximately $98,000. ORG Wealth Partners LLC acquired a new stake in SPDR S&P Homebuilders ETF during the third quarter worth $117,000. Finally, EP Wealth Advisors LLC purchased a new stake in SPDR S&P Homebuilders ETF in the third quarter valued at $120,000.

SPDR S&P Homebuilders ETF Price Performance

NYSEARCA XHB opened at $110.93 on Friday. The firm’s 50-day moving average is $111.56 and its two-hundred day moving average is $114.94. SPDR S&P Homebuilders ETF has a 12 month low of $93.61 and a 12 month high of $126.09. The stock has a market capitalization of $1.94 billion, a P/E ratio of 15.57 and a beta of 1.38.

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.