Raymond James Financial Inc. Acquires Shares of 414,951 SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Raymond James Financial Inc. purchased a new stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 414,951 shares of the exchange traded fund’s stock, valued at approximately $43,362,000. Raymond James Financial Inc. owned approximately 2.38% of SPDR S&P Homebuilders ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Howe & Rusling Inc. purchased a new position in shares of SPDR S&P Homebuilders ETF in the 3rd quarter valued at about $28,000. Financial Life Planners purchased a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter valued at about $45,000. New Wave Wealth Advisors LLC purchased a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter valued at about $52,000. St. Johns Investment Management Company LLC acquired a new stake in SPDR S&P Homebuilders ETF in the 4th quarter worth about $65,000. Finally, EP Wealth Advisors LLC acquired a new stake in SPDR S&P Homebuilders ETF in the 3rd quarter worth about $120,000.

SPDR S&P Homebuilders ETF Trading Down 0.7 %

XHB stock opened at $98.01 on Thursday. SPDR S&P Homebuilders ETF has a 12-month low of $96.51 and a 12-month high of $126.09. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 12.86 and a beta of 1.48. The business’s 50-day moving average is $105.49 and its 200 day moving average is $113.29.

SPDR S&P Homebuilders ETF Company 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.