Zweig DiMenna Associates LLC Buys Shares of 19,600 SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Zweig DiMenna Associates LLC purchased a new position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,600 shares of the exchange traded fund’s stock, valued at approximately $2,441,000.

Other hedge funds also recently made changes to their positions in the company. Family Firm Inc. purchased a new stake in SPDR S&P Homebuilders ETF in the 2nd quarter worth approximately $62,000. National Bank of Canada FI grew its position in SPDR S&P Homebuilders ETF by 238.1% during the second quarter. National Bank of Canada FI now owns 710 shares of the exchange traded fund’s stock worth $70,000 after buying an additional 500 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of SPDR S&P Homebuilders ETF in the 2nd quarter valued at about $93,000. Northwest Investment Counselors LLC bought a new stake in shares of SPDR S&P Homebuilders ETF during the 3rd quarter valued at about $98,000. Finally, TruNorth Capital Management LLC purchased a new position in shares of SPDR S&P Homebuilders ETF during the second quarter worth about $101,000.

SPDR S&P Homebuilders ETF Price Performance

Shares of XHB opened at $118.16 on Friday. SPDR S&P Homebuilders ETF has a 1-year low of $69.32 and a 1-year high of $126.07. The company has a market capitalization of $2.06 billion, a P/E ratio of 15.57 and a beta of 1.38. The firm’s 50 day simple moving average is $119.14 and its 200 day simple moving average is $110.39.

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.