SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Sees Large Volume Increase – Still a Buy?

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) shares saw strong trading volume on Wednesday . 1,433,608 shares traded hands during trading, a decline of 32% from the previous session’s volume of 2,110,722 shares.The stock last traded at $110.08 and had previously closed at $106.94.

SPDR S&P Homebuilders ETF Stock Up 2.3 %

The business has a 50-day moving average price of $113.05 and a 200-day moving average price of $114.28. The firm has a market capitalization of $1.91 billion, a P/E ratio of 15.57 and a beta of 1.38.

Hedge Funds Weigh In On SPDR S&P Homebuilders ETF

A number of hedge funds have recently made changes to their positions in the business. Howe & Rusling Inc. bought a new stake in SPDR S&P Homebuilders ETF in the third quarter valued at $28,000. Northwest Investment Counselors LLC bought a new stake in shares of SPDR S&P Homebuilders ETF in the 3rd quarter worth about $98,000. ORG Wealth Partners LLC acquired a new stake in shares of SPDR S&P Homebuilders ETF during the 3rd quarter worth about $117,000. EP Wealth Advisors LLC bought a new position in SPDR S&P Homebuilders ETF during the 3rd quarter valued at about $120,000. Finally, Allworth Financial LP boosted its position in SPDR S&P Homebuilders ETF by 10.9% in the third quarter. Allworth Financial LP now owns 1,018 shares of the exchange traded fund’s stock valued at $127,000 after buying an additional 100 shares in the last quarter.

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.