Passaic Partners LLC Acquires New Position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Passaic Partners LLC bought a new stake in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 79,165 shares of the exchange traded fund’s stock, valued at approximately $8,273,000. SPDR S&P Homebuilders ETF accounts for about 1.2% of Passaic Partners LLC’s investment portfolio, making the stock its 13th largest position. Passaic Partners LLC owned 0.45% of SPDR S&P Homebuilders ETF at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in XHB. Howe & Rusling Inc. purchased a new position in SPDR S&P Homebuilders ETF during the 3rd quarter valued at about $28,000. Financial Life Planners purchased a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter worth approximately $45,000. Larson Financial Group LLC grew its position in shares of SPDR S&P Homebuilders ETF by 1,873.9% in the 4th quarter. Larson Financial Group LLC now owns 454 shares of the exchange traded fund’s stock worth $47,000 after buying an additional 431 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter worth approximately $52,000. Finally, St. Johns Investment Management Company LLC purchased a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter worth approximately $65,000.

SPDR S&P Homebuilders ETF Stock Up 0.9 %

Shares of SPDR S&P Homebuilders ETF stock opened at $98.38 on Tuesday. The firm’s 50 day moving average price is $104.93 and its 200-day moving average price is $112.74. SPDR S&P Homebuilders ETF has a 52-week low of $95.18 and a 52-week high of $126.09. The company has a market cap of $1.45 billion, a P/E ratio of 12.18 and a beta of 1.51.

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.