SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Sees Large Volume Increase

SPDR S&P Homebuilders ETF (NYSEARCA:XHBGet Rating) shares saw unusually-high trading volume on Tuesday . Approximately 104,480 shares traded hands during mid-day trading, a decline of 98% from the previous session’s volume of 5,061,906 shares.The stock last traded at $61.88 and had previously closed at $60.90.

The stock’s 50 day simple moving average is $67.30.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Financial Advisory Service Inc. raised its holdings in SPDR S&P Homebuilders ETF by 165.0% during the third quarter. Financial Advisory Service Inc. now owns 530 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 330 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in SPDR S&P Homebuilders ETF by 42.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 459 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 137 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in SPDR S&P Homebuilders ETF in the third quarter valued at about $44,000. Confluence Wealth Services Inc. purchased a new position in SPDR S&P Homebuilders ETF in the fourth quarter valued at about $44,000. Finally, CWM LLC purchased a new position in SPDR S&P Homebuilders ETF in the fourth quarter valued at about $48,000.

About SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

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.

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