AssuredPartners Investment Advisors LLC Makes New Investment in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

AssuredPartners Investment Advisors LLC purchased a new position in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) during the fourth quarter, Holdings Channel.com reports. The fund purchased 2,506 shares of the exchange traded fund’s stock, valued at approximately $262,000.

Several other hedge funds have also made changes to their positions in XHB. Raymond James Financial Inc. bought a new stake in SPDR S&P Homebuilders ETF in the fourth quarter valued at $43,362,000. LPL Financial LLC lifted its position in SPDR S&P Homebuilders ETF by 6.6% in the 4th quarter. LPL Financial LLC now owns 396,616 shares of the exchange traded fund’s stock valued at $41,446,000 after purchasing an additional 24,723 shares during the last quarter. Meitav Investment House Ltd. boosted its stake in SPDR S&P Homebuilders ETF by 54.9% during the 4th quarter. Meitav Investment House Ltd. now owns 212,293 shares of the exchange traded fund’s stock valued at $22,185,000 after purchasing an additional 75,244 shares during the period. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD grew its position in SPDR S&P Homebuilders ETF by 62.7% in the 4th quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 147,504 shares of the exchange traded fund’s stock worth $15,401,000 after purchasing an additional 56,839 shares during the last quarter. Finally, Chicago Wealth Management Inc. raised its holdings in shares of SPDR S&P Homebuilders ETF by 1.9% during the fourth quarter. Chicago Wealth Management Inc. now owns 96,013 shares of the exchange traded fund’s stock valued at $10,033,000 after buying an additional 1,763 shares during the last quarter.

SPDR S&P Homebuilders ETF Price Performance

XHB opened at $96.10 on Friday. The stock’s 50 day moving average price is $103.55 and its 200 day moving average price is $111.79. The stock has a market cap of $1.42 billion, a P/E ratio of 12.18 and a beta of 1.51. SPDR S&P Homebuilders ETF has a 12 month low of $95.18 and a 12 month high of $126.09.

SPDR S&P Homebuilders ETF Increases Dividend

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

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.