46,612 Shares of SPDR S&P Homebuilders ETF $XHB Purchased by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management purchased a new stake in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,612 shares of the exchange traded fund’s stock, valued at approximately $4,476,000.

A number of other hedge funds have also recently bought and sold shares of XHB. Annex Advisory Services LLC bought a new position in SPDR S&P Homebuilders ETF in the second quarter valued at approximately $66,305,000. Passaic Partners LLC raised its stake in shares of SPDR S&P Homebuilders ETF by 89.6% during the 2nd quarter. Passaic Partners LLC now owns 166,897 shares of the exchange traded fund’s stock worth $19,287,000 after purchasing an additional 78,852 shares in the last quarter. Greenland Capital Management LP bought a new stake in shares of SPDR S&P Homebuilders ETF during the 2nd quarter worth approximately $17,334,000. Envestnet Asset Management Inc. raised its stake in shares of SPDR S&P Homebuilders ETF by 312.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 74,979 shares of the exchange traded fund’s stock worth $8,665,000 after purchasing an additional 56,800 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of SPDR S&P Homebuilders ETF by 2,114.4% in the 2nd quarter. Tidal Investments LLC now owns 64,461 shares of the exchange traded fund’s stock valued at $7,449,000 after buying an additional 61,550 shares during the last quarter.

SPDR S&P Homebuilders ETF Trading Up 3.6%

NYSEARCA XHB opened at $104.58 on Tuesday. SPDR S&P Homebuilders ETF has a 12 month low of $91.87 and a 12 month high of $123.13. The stock has a 50 day moving average of $98.57 and a 200-day moving average of $105.19. The company has a market cap of $1.55 billion, a PE ratio of 11.47 and a beta of 1.25.

SPDR S&P Homebuilders ETF 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.