3,478 Shares in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Acquired by Ring Mountain Capital LLC

Ring Mountain Capital LLC purchased a new position in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,478 shares of the exchange traded fund’s stock, valued at approximately $363,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Pinnacle Financial Partners Inc raised its stake in shares of SPDR S&P Homebuilders ETF by 1.0% during the fourth quarter. Pinnacle Financial Partners Inc now owns 10,311 shares of the exchange traded fund’s stock worth $1,078,000 after buying an additional 103 shares during the last quarter. Allworth Financial LP raised its holdings in SPDR S&P Homebuilders ETF by 13.8% in the fourth quarter. Allworth Financial LP now owns 1,158 shares of the exchange traded fund’s stock worth $129,000 after purchasing an additional 140 shares during the period. Great Valley Advisor Group Inc. raised its holdings in SPDR S&P Homebuilders ETF by 6.9% in the third quarter. Great Valley Advisor Group Inc. now owns 2,618 shares of the exchange traded fund’s stock worth $326,000 after purchasing an additional 169 shares during the period. Clear Creek Financial Management LLC raised its holdings in SPDR S&P Homebuilders ETF by 7.8% in the third quarter. Clear Creek Financial Management LLC now owns 2,638 shares of the exchange traded fund’s stock worth $329,000 after purchasing an additional 191 shares during the period. Finally, Harbour Investments Inc. raised its holdings in SPDR S&P Homebuilders ETF by 2.7% in the third quarter. Harbour Investments Inc. now owns 7,306 shares of the exchange traded fund’s stock worth $910,000 after purchasing an additional 193 shares during the period.

SPDR S&P Homebuilders ETF Stock Performance

XHB opened at $98.99 on Tuesday. The firm’s fifty day moving average is $106.24 and its two-hundred day moving average is $113.94. The firm has a market cap of $1.59 billion, a PE ratio of 12.86 and a beta of 1.48. SPDR S&P Homebuilders ETF has a twelve month low of $97.40 and a twelve month high of $126.09.

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.