SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Holdings Cut by LPL Financial LLC

LPL Financial LLC reduced its stake in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 35.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 333,195 shares of the exchange traded fund’s stock after selling 186,831 shares during the period. LPL Financial LLC owned 1.91% of SPDR S&P Homebuilders ETF worth $33,679,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Advisory Services Network LLC raised its position in SPDR S&P Homebuilders ETF by 20.6% during the fourth quarter. Advisory Services Network LLC now owns 17,973 shares of the exchange traded fund’s stock valued at $1,719,000 after acquiring an additional 3,065 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of SPDR S&P Homebuilders ETF by 1,008.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,586 shares of the exchange traded fund’s stock valued at $534,000 after purchasing an additional 5,082 shares in the last quarter. Belpointe Asset Management LLC lifted its stake in shares of SPDR S&P Homebuilders ETF by 51.2% in the 4th quarter. Belpointe Asset Management LLC now owns 24,725 shares of the exchange traded fund’s stock valued at $2,365,000 after purchasing an additional 8,371 shares during the last quarter. 360 Financial Inc. bought a new stake in SPDR S&P Homebuilders ETF in the fourth quarter worth $7,132,000. Finally, Cetera Advisor Networks LLC increased its position in SPDR S&P Homebuilders ETF by 62.7% during the fourth quarter. Cetera Advisor Networks LLC now owns 47,571 shares of the exchange traded fund’s stock worth $4,551,000 after buying an additional 18,337 shares during the last quarter.

SPDR S&P Homebuilders ETF Stock Performance

XHB opened at $120.46 on Tuesday. The company has a market cap of $2.10 billion, a PE ratio of 15.57 and a beta of 1.38. The stock has a 50-day moving average of $112.13 and a 200-day moving average of $107.33. 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.