SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Reaches New 12-Month Low – Time to Sell?

Shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) reached a new 52-week low on Monday . The company traded as low as $95.02 and last traded at $95.31, with a volume of 1818 shares traded. The stock had previously closed at $96.10.

SPDR S&P Homebuilders ETF Trading Down 0.2 %

The stock has a market cap of $1.31 billion, a PE ratio of 12.26 and a beta of 1.51. The business has a fifty day simple moving average of $103.55 and a two-hundred day simple moving average of $111.78.

SPDR S&P Homebuilders ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were paid a $0.313 dividend. This is a boost from SPDR S&P Homebuilders ETF’s previous dividend of $0.15. The ex-dividend date was Monday, March 24th.

Hedge Funds Weigh In On SPDR S&P Homebuilders ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in shares of SPDR S&P Homebuilders ETF by 66.5% in the fourth quarter. BNP Paribas Financial Markets now owns 760,136 shares of the exchange traded fund’s stock worth $79,434,000 after buying an additional 303,539 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter worth $43,362,000. LPL Financial LLC grew its holdings in shares of SPDR S&P Homebuilders ETF by 6.6% in the fourth quarter. LPL Financial LLC now owns 396,616 shares of the exchange traded fund’s stock worth $41,446,000 after acquiring an additional 24,723 shares during the period. FIL Ltd increased its position in SPDR S&P Homebuilders ETF by 8,832.7% during the fourth quarter. FIL Ltd now owns 343,819 shares of the exchange traded fund’s stock valued at $35,929,000 after acquiring an additional 339,970 shares during the last quarter. Finally, Meitav Investment House Ltd. lifted its holdings in SPDR S&P Homebuilders ETF by 54.9% in the fourth quarter. Meitav Investment House Ltd. now owns 212,293 shares of the exchange traded fund’s stock valued at $22,185,000 after acquiring an additional 75,244 shares during the period.

About SPDR S&P Homebuilders ETF

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.