Kingsview Wealth Management LLC Has $7.92 Million Stock Position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Kingsview Wealth Management LLC increased its stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 2,386.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,554 shares of the exchange traded fund’s stock after acquiring an additional 60,998 shares during the quarter. Kingsview Wealth Management LLC owned about 0.36% of SPDR S&P Homebuilders ETF worth $7,916,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Howe & Rusling Inc. acquired a new position in shares of SPDR S&P Homebuilders ETF in the third quarter worth approximately $28,000. Family Firm Inc. acquired a new position in SPDR S&P Homebuilders ETF in the second quarter valued at approximately $62,000. National Bank of Canada FI lifted its stake in SPDR S&P Homebuilders ETF by 238.1% in the second quarter. National Bank of Canada FI now owns 710 shares of the exchange traded fund’s stock valued at $70,000 after buying an additional 500 shares during the period. Northwest Investment Counselors LLC acquired a new position in SPDR S&P Homebuilders ETF in the third quarter valued at approximately $98,000. Finally, ORG Partners LLC acquired a new position in SPDR S&P Homebuilders ETF in the second quarter valued at approximately $93,000.

SPDR S&P Homebuilders ETF Stock Performance

Shares of XHB opened at $119.94 on Friday. SPDR S&P Homebuilders ETF has a 52-week low of $81.76 and a 52-week high of $126.07. The business’s 50 day moving average price is $120.01 and its two-hundred day moving average price is $112.32. The firm has a market cap of $2.09 billion, a PE ratio of 15.57 and a beta of 1.38.

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.