SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Sets New 52-Week Low – Should You Sell?

Shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $97.40 and last traded at $97.74, with a volume of 188869 shares trading hands. The stock had previously closed at $98.99.

SPDR S&P Homebuilders ETF Price Performance

The business has a 50-day simple moving average of $106.24 and a 200-day simple moving average of $113.94. The firm has a market capitalization of $1.56 billion, a PE ratio of 12.86 and a beta of 1.48.

Institutional Investors Weigh In On SPDR S&P Homebuilders ETF

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

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.