SPDR S&P Homebuilders ETF Target of Unusually High Options Trading (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the target of unusually large options trading activity on Tuesday. Traders purchased 18,688 call options on the stock. This represents an increase of approximately 110% compared to the average volume of 8,898 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in SPDR S&P Homebuilders ETF by 24.0% during the 1st quarter. Jones Financial Companies Lllp now owns 6,638 shares of the exchange traded fund’s stock worth $643,000 after acquiring an additional 1,283 shares during the last quarter. Focus Partners Wealth increased its holdings in SPDR S&P Homebuilders ETF by 190.6% in the first quarter. Focus Partners Wealth now owns 8,710 shares of the exchange traded fund’s stock valued at $844,000 after purchasing an additional 5,713 shares during the period. Wealthfront Advisers LLC raised its position in SPDR S&P Homebuilders ETF by 21.9% during the 2nd quarter. Wealthfront Advisers LLC now owns 5,151 shares of the exchange traded fund’s stock worth $508,000 after purchasing an additional 926 shares during the last quarter. Envestnet Asset Management Inc. raised its position in SPDR S&P Homebuilders ETF by 3.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 18,412 shares of the exchange traded fund’s stock worth $1,815,000 after purchasing an additional 528 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in SPDR S&P Homebuilders ETF by 424.0% during the 2nd quarter. Assetmark Inc. now owns 262 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 212 shares during the period.

SPDR S&P Homebuilders ETF Trading Up 0.9%

XHB traded up $1.06 on Tuesday, reaching $117.53. The stock had a trading volume of 1,208,914 shares, compared to its average volume of 2,887,854. SPDR S&P Homebuilders ETF has a fifty-two week low of $84.48 and a fifty-two week high of $123.13. The firm has a 50-day moving average of $111.44 and a 200-day moving average of $110.19. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 11.47 and a beta of 1.29.

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.