SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Stock Passes Below 200 Day Moving Average – Here’s Why

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $106.56 and traded as low as $102.75. SPDR S&P Homebuilders ETF shares last traded at $102.81, with a volume of 1,564,783 shares trading hands.

SPDR S&P Homebuilders ETF Trading Up 1.1%

The stock has a market capitalization of $1.43 billion, a PE ratio of 11.47 and a beta of 1.25. The stock’s fifty day simple moving average is $108.48 and its 200-day simple moving average is $106.42.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Annex Advisory Services LLC purchased a new stake in SPDR S&P Homebuilders ETF in the 2nd quarter valued at about $66,305,000. Soros Fund Management LLC purchased a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter worth approximately $20,858,000. Balyasny Asset Management L.P. bought a new position in shares of SPDR S&P Homebuilders ETF in the fourth quarter valued at approximately $16,327,000. Nan Fung Trinity HK Ltd. bought a new position in shares of SPDR S&P Homebuilders ETF in the fourth quarter valued at approximately $15,963,000. Finally, J. Goldman & Co LP increased its position in shares of SPDR S&P Homebuilders ETF by 130.4% during the fourth quarter. J. Goldman & Co LP now owns 35,722 shares of the exchange traded fund’s stock valued at $3,678,000 after acquiring an additional 153,318 shares during the last quarter.

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.