Marshall Investment Management LLC Buys Shares of 6,809 SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Marshall Investment Management LLC purchased a new stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,809 shares of the exchange traded fund’s stock, valued at approximately $712,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. American Financial Advisors LLC raised its position in shares of SPDR S&P Homebuilders ETF by 3.6% in the third quarter. American Financial Advisors LLC now owns 2,531 shares of the exchange traded fund’s stock valued at $315,000 after purchasing an additional 89 shares during the period. Allworth Financial LP raised its position in shares of SPDR S&P Homebuilders ETF by 10.9% in the third quarter. Allworth Financial LP now owns 1,018 shares of the exchange traded fund’s stock valued at $127,000 after purchasing an additional 100 shares during the period. Pinnacle Financial Partners Inc raised its position in shares of SPDR S&P Homebuilders ETF by 1.0% in the fourth quarter. Pinnacle Financial Partners Inc now owns 10,311 shares of the exchange traded fund’s stock valued at $1,078,000 after purchasing an additional 103 shares during the period. Great Valley Advisor Group Inc. raised its position in shares of 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 valued at $326,000 after purchasing an additional 169 shares during the period. Finally, Clear Creek Financial Management LLC raised its position in shares of 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 valued at $329,000 after purchasing an additional 191 shares during the period.

SPDR S&P Homebuilders ETF Stock Down 2.8 %

NYSEARCA XHB opened at $101.11 on Friday. The company’s 50 day moving average is $106.92 and its 200-day moving average is $114.11. SPDR S&P Homebuilders ETF has a 12-month low of $97.40 and a 12-month high of $126.09. The firm has a market cap of $1.76 billion, a P/E ratio of 15.57 and a beta of 1.38.

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.