SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Sets New 12-Month Low – What’s Next?

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $96.42 and last traded at $96.34, with a volume of 839538 shares traded. The stock had previously closed at $98.01.

SPDR S&P Homebuilders ETF Price Performance

The firm has a 50-day moving average of $105.20 and a 200 day moving average of $113.06. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 12.18 and a beta of 1.51.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in SPDR S&P Homebuilders ETF during the fourth quarter worth about $43,362,000. FIL Ltd lifted its stake in shares of SPDR S&P Homebuilders ETF by 8,832.7% during the 4th quarter. FIL Ltd now owns 343,819 shares of the exchange traded fund’s stock worth $35,929,000 after buying an additional 339,970 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of SPDR S&P Homebuilders ETF by 66.5% during the 4th quarter. BNP Paribas Financial Markets now owns 760,136 shares of the exchange traded fund’s stock worth $79,434,000 after buying an additional 303,539 shares during the last quarter. Soros Fund Management LLC boosted its holdings in shares of SPDR S&P Homebuilders ETF by 147.6% during the 4th quarter. Soros Fund Management LLC now owns 95,100 shares of the exchange traded fund’s stock worth $9,938,000 after buying an additional 295,100 shares during the period. Finally, Polar Asset Management Partners Inc. acquired a new position in SPDR S&P Homebuilders ETF in the 4th quarter valued at about $9,959,000.

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.