SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Trading Up 8%

SPDR S&P Homebuilders ETF (NYSEARCA:XHB)’s share price was up 8% during mid-day trading on Wednesday . The stock traded as high as $28.56 and last traded at $30.81, approximately 724,451 shares traded hands during mid-day trading. A decline of 68% from the average daily volume of 2,292,467 shares. The stock had previously closed at $28.54.

The company has a 50 day moving average price of $41.46 and a 200-day moving average price of $44.39.

A number of large investors have recently added to or reduced their stakes in the business. Schroder Investment Management Group acquired a new stake in SPDR S&P Homebuilders ETF during the 4th quarter valued at approximately $65,858,000. Goldman Sachs Group Inc. boosted its holdings in shares of SPDR S&P Homebuilders ETF by 160.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,336,630 shares of the exchange traded fund’s stock worth $60,830,000 after buying an additional 823,214 shares in the last quarter. Sei Investments Co. bought a new position in shares of SPDR S&P Homebuilders ETF during the 4th quarter worth approximately $11,847,000. K.J. Harrison & Partners Inc boosted its holdings in shares of SPDR S&P Homebuilders ETF by 130.0% during the 4th quarter. K.J. Harrison & Partners Inc now owns 115,000 shares of the exchange traded fund’s stock worth $5,234,000 after buying an additional 65,000 shares in the last quarter. Finally, MKP Capital Management L.L.C. bought a new position in shares of SPDR S&P Homebuilders ETF during the 4th quarter worth approximately $3,345,000.

SPDR S&P Homebuilders ETF Company Profile (NYSEARCA:XHB)

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.

Further Reading: How is a management fee different from a performance fee?

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