SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Reaches New 52-Week Low – What’s Next?

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

SPDR S&P Homebuilders ETF Stock Down 0.2 %

The firm has a market capitalization of $1.31 billion, a PE ratio of 12.26 and a beta of 1.51. The stock’s fifty day simple moving average is $103.55 and its 200 day simple moving average is $111.78.

SPDR S&P Homebuilders ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were paid a $0.313 dividend. This is a positive change from SPDR S&P Homebuilders ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Kestra Private Wealth Services LLC bought a new stake in SPDR S&P Homebuilders ETF during the 4th quarter worth approximately $502,000. Rockefeller Capital Management L.P. lifted its stake in shares of SPDR S&P Homebuilders ETF by 13.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 31,886 shares of the exchange traded fund’s stock valued at $3,972,000 after buying an additional 3,867 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of SPDR S&P Homebuilders ETF during the 4th quarter valued at $3,030,000. HB Wealth Management LLC boosted its holdings in SPDR S&P Homebuilders ETF by 21.7% in the 4th quarter. HB Wealth Management LLC now owns 4,484 shares of the exchange traded fund’s stock worth $469,000 after buying an additional 800 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in SPDR S&P Homebuilders ETF by 62.5% in the 4th quarter. Jones Financial Companies Lllp now owns 5,355 shares of the exchange traded fund’s stock worth $560,000 after buying an additional 2,059 shares in the last quarter.

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.