Concentric Capital Strategies LP Makes New $10.31 Million Investment in SPDR S&P Homebuilders ETF $XHB

Concentric Capital Strategies LP bought a new position in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 100,117 shares of the exchange traded fund’s stock, valued at approximately $10,308,000. Concentric Capital Strategies LP owned 0.64% of SPDR S&P Homebuilders ETF at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of XHB. Jones Financial Companies Lllp boosted its stake in SPDR S&P Homebuilders ETF by 24.0% during the first quarter. Jones Financial Companies Lllp now owns 6,638 shares of the exchange traded fund’s stock worth $643,000 after buying an additional 1,283 shares during the period. Focus Partners Wealth boosted its stake in SPDR S&P Homebuilders ETF by 190.6% during the first quarter. Focus Partners Wealth now owns 8,710 shares of the exchange traded fund’s stock worth $844,000 after buying an additional 5,713 shares during the period. Raymond James Financial Inc. boosted its stake in SPDR S&P Homebuilders ETF by 116.3% during the second quarter. Raymond James Financial Inc. now owns 227,098 shares of the exchange traded fund’s stock worth $22,385,000 after buying an additional 122,089 shares during the period. BTG Pactual Asset Management US LLC purchased a new position in SPDR S&P Homebuilders ETF during the second quarter worth about $106,000. Finally, Group One Trading LLC boosted its stake in SPDR S&P Homebuilders ETF by 239.4% during the second quarter. Group One Trading LLC now owns 20,115 shares of the exchange traded fund’s stock worth $1,983,000 after buying an additional 14,188 shares during the period.

SPDR S&P Homebuilders ETF Price Performance

Shares of XHB stock opened at $107.33 on Thursday. The firm has a market cap of $1.57 billion, a PE ratio of 11.47 and a beta of 1.26. The company has a 50-day moving average of $103.75 and a two-hundred day moving average of $106.75. SPDR S&P Homebuilders ETF has a 1-year low of $92.86 and a 1-year high of $123.13.

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.