Magnus Financial Group LLC Purchases New Holdings in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Magnus Financial Group LLC purchased a new stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 2,700 shares of the exchange traded fund’s stock, valued at approximately $258,000.

Several other institutional investors have also recently made changes to their positions in XHB. Orion Portfolio Solutions LLC lifted its position in SPDR S&P Homebuilders ETF by 10.5% during the third quarter. Orion Portfolio Solutions LLC now owns 8,382 shares of the exchange traded fund’s stock worth $642,000 after acquiring an additional 798 shares during the last quarter. Lyell Wealth Management LP boosted its stake in SPDR S&P Homebuilders ETF by 33.9% in the 4th quarter. Lyell Wealth Management LP now owns 6,245 shares of the exchange traded fund’s stock valued at $597,000 after purchasing an additional 1,580 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in SPDR S&P Homebuilders ETF by 1,055.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 288,641 shares of the exchange traded fund’s stock valued at $27,611,000 after buying an additional 263,659 shares in the last quarter. International Assets Investment Management LLC bought a new position in SPDR S&P Homebuilders ETF during the 4th quarter worth $5,995,000. Finally, Affinity Wealth Management LLC boosted its position in shares of SPDR S&P Homebuilders ETF by 14.8% in the fourth quarter. Affinity Wealth Management LLC now owns 268,294 shares of the exchange traded fund’s stock valued at $25,665,000 after acquiring an additional 34,508 shares during the period.

SPDR S&P Homebuilders ETF Stock Performance

XHB stock opened at $104.48 on Tuesday. SPDR S&P Homebuilders ETF has a 52 week low of $68.39 and a 52 week high of $111.96. The company’s 50-day simple moving average is $104.93 and its 200 day simple moving average is $93.56. The company has a market capitalization of $1.81 billion, a PE ratio of 15.54 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.