Independent Advisor Alliance Purchases New Position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Independent Advisor Alliance purchased a new position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,353 shares of the exchange traded fund’s stock, valued at approximately $559,000.

A number of other large investors have also recently made changes to their positions in XHB. Howe & Rusling Inc. bought a new stake in shares of SPDR S&P Homebuilders ETF in the third quarter worth approximately $28,000. Financial Life Planners bought a new stake in shares of SPDR S&P Homebuilders ETF in the fourth quarter worth approximately $45,000. Larson Financial Group LLC grew its stake in shares of SPDR S&P Homebuilders ETF by 1,873.9% in the fourth quarter. Larson Financial Group LLC now owns 454 shares of the exchange traded fund’s stock worth $47,000 after acquiring an additional 431 shares during the period. New Wave Wealth Advisors LLC bought a new stake in shares of SPDR S&P Homebuilders ETF in the fourth quarter worth approximately $52,000. Finally, St. Johns Investment Management Company LLC bought a new stake in shares of SPDR S&P Homebuilders ETF in the fourth quarter worth approximately $65,000.

SPDR S&P Homebuilders ETF Stock Up 2.1 %

SPDR S&P Homebuilders ETF stock opened at $97.51 on Monday. The business has a 50-day simple moving average of $105.05 and a two-hundred day simple moving average of $112.87. SPDR S&P Homebuilders ETF has a 52-week low of $95.18 and a 52-week high of $126.09. The company has a market cap of $1.44 billion, a P/E ratio of 12.18 and a beta of 1.51.

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.