Foundations Investment Advisors LLC Sells 789 Shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Foundations Investment Advisors LLC decreased its stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 9.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,423 shares of the exchange traded fund’s stock after selling 789 shares during the quarter. Foundations Investment Advisors LLC’s holdings in SPDR S&P Homebuilders ETF were worth $750,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Truist Financial Corp grew its holdings in SPDR S&P Homebuilders ETF by 16.0% during the 4th quarter. Truist Financial Corp now owns 8,895 shares of the exchange traded fund’s stock worth $851,000 after acquiring an additional 1,227 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in SPDR S&P Homebuilders ETF during the fourth quarter worth about $286,000. Spire Wealth Management grew its position in shares of SPDR S&P Homebuilders ETF by 142.6% during the 4th quarter. Spire Wealth Management now owns 3,249 shares of the exchange traded fund’s stock worth $311,000 after buying an additional 1,910 shares during the period. Wealthcare Advisory Partners LLC bought a new stake in shares of SPDR S&P Homebuilders ETF in the 4th quarter valued at about $284,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of SPDR S&P Homebuilders ETF in the 4th quarter valued at approximately $294,000.

SPDR S&P Homebuilders ETF Stock Performance

Shares of NYSEARCA:XHB opened at $112.16 on Friday. The company has a 50 day moving average price of $110.50 and a two-hundred day moving average price of $106.75. The company has a market capitalization of $1.96 billion, a PE ratio of 15.57 and a beta of 1.38. SPDR S&P Homebuilders ETF has a 52 week low of $69.32 and a 52 week high of $121.23.

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.