LPL Financial LLC Buys 24,723 Shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

LPL Financial LLC raised its stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 396,616 shares of the exchange traded fund’s stock after buying an additional 24,723 shares during the period. LPL Financial LLC owned about 2.27% of SPDR S&P Homebuilders ETF worth $41,446,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in XHB. Pinnacle Financial Partners Inc boosted its holdings in SPDR S&P Homebuilders ETF by 1.0% in the fourth quarter. Pinnacle Financial Partners Inc now owns 10,311 shares of the exchange traded fund’s stock valued at $1,078,000 after acquiring an additional 103 shares during the last quarter. Allworth Financial LP boosted its stake in shares of SPDR S&P Homebuilders ETF by 13.8% in the 4th quarter. Allworth Financial LP now owns 1,158 shares of the exchange traded fund’s stock valued at $129,000 after purchasing an additional 140 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of SPDR S&P Homebuilders ETF by 8.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 2,606 shares of the exchange traded fund’s stock worth $325,000 after buying an additional 200 shares during the period. AAFMAA Wealth Management & Trust LLC grew its holdings in SPDR S&P Homebuilders ETF by 2.3% during the 4th quarter. AAFMAA Wealth Management & Trust LLC now owns 10,364 shares of the exchange traded fund’s stock worth $1,083,000 after acquiring an additional 229 shares during the period. Finally, Clarus Wealth Advisors raised its position in shares of SPDR S&P Homebuilders ETF by 1.7% in the 4th quarter. Clarus Wealth Advisors now owns 15,617 shares of the exchange traded fund’s stock worth $1,622,000 after acquiring an additional 259 shares in the last quarter.

SPDR S&P Homebuilders ETF Price Performance

NYSEARCA XHB opened at $96.10 on Friday. The stock has a market capitalization of $1.42 billion, a P/E ratio of 12.18 and a beta of 1.51. The business has a 50 day simple moving average of $103.55 and a 200 day simple moving average of $111.79. SPDR S&P Homebuilders ETF has a one year low of $95.18 and a one year high of $126.09.

SPDR S&P Homebuilders ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were given a dividend of $0.313 per share. This is an increase from SPDR S&P Homebuilders ETF’s previous dividend of $0.15. The ex-dividend date was Monday, March 24th.

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.