Stock Traders Buy Large Volume of SPDR S&P Homebuilders ETF Call Options (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) saw unusually large options trading on Wednesday. Traders purchased 7,833 call options on the stock. This is an increase of approximately 16% compared to the average daily volume of 6,744 call options.

Institutional Trading of SPDR S&P Homebuilders ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Arkadios Wealth Advisors raised its holdings in SPDR S&P Homebuilders ETF by 2.2% in the 1st quarter. Arkadios Wealth Advisors now owns 5,076 shares of the exchange traded fund’s stock valued at $501,000 after buying an additional 107 shares during the period. Garrison Point Advisors LLC increased its position in shares of SPDR S&P Homebuilders ETF by 1.5% during the fourth quarter. Garrison Point Advisors LLC now owns 9,955 shares of the exchange traded fund’s stock valued at $1,025,000 after acquiring an additional 145 shares during the last quarter. Quantbot Technologies LP increased its position in shares of SPDR S&P Homebuilders ETF by 66.4% during the third quarter. Quantbot Technologies LP now owns 426 shares of the exchange traded fund’s stock valued at $47,000 after acquiring an additional 170 shares during the last quarter. FLP Wealth Management LLC increased its position in shares of SPDR S&P Homebuilders ETF by 7.4% during the first quarter. FLP Wealth Management LLC now owns 2,564 shares of the exchange traded fund’s stock valued at $253,000 after acquiring an additional 177 shares during the last quarter. Finally, AAFMAA Wealth Management & Trust LLC raised its stake in shares of SPDR S&P Homebuilders ETF by 1.8% in the 2nd quarter. AAFMAA Wealth Management & Trust LLC now owns 10,659 shares of the exchange traded fund’s stock valued at $1,232,000 after acquiring an additional 184 shares during the period.

SPDR S&P Homebuilders ETF Stock Down 1.4%

NYSEARCA:XHB traded down $1.44 on Wednesday, reaching $99.31. The company’s stock had a trading volume of 784,947 shares, compared to its average volume of 2,418,526. SPDR S&P Homebuilders ETF has a 12-month low of $93.57 and a 12-month high of $123.13. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 11.47 and a beta of 1.25. The stock has a 50 day moving average price of $107.16 and a 200 day moving average price of $105.78.

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.