Gateway Wealth Partners LLC Increases Position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Gateway Wealth Partners LLC lifted its position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 3.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,269 shares of the exchange traded fund’s stock after purchasing an additional 148 shares during the period. Gateway Wealth Partners LLC’s holdings in SPDR S&P Homebuilders ETF were worth $432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirae Asset Securities USA Inc. purchased a new position in SPDR S&P Homebuilders ETF during the second quarter valued at $50,540,000. Passaic Partners LLC purchased a new position in SPDR S&P Homebuilders ETF during the first quarter valued at $13,326,000. 360 Financial Inc. purchased a new position in SPDR S&P Homebuilders ETF during the fourth quarter valued at $7,132,000. Cetera Investment Advisers grew its stake in SPDR S&P Homebuilders ETF by 507.8% during the first quarter. Cetera Investment Advisers now owns 75,473 shares of the exchange traded fund’s stock valued at $8,422,000 after acquiring an additional 63,055 shares in the last quarter. Finally, Bricktown Capital LLC purchased a new position in SPDR S&P Homebuilders ETF during the second quarter valued at $5,518,000.

SPDR S&P Homebuilders ETF Stock Up 0.2 %

XHB stock opened at $124.56 on Tuesday. SPDR S&P Homebuilders ETF has a 52 week low of $69.32 and a 52 week high of $125.48. The company has a fifty day simple moving average of $115.37 and a two-hundred day simple moving average of $108.73. The firm has a market capitalization of $2.17 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.