PNC Financial Services Group Inc. Sells 6,018 Shares of SPDR S&P Homebuilders ETF $XHB

PNC Financial Services Group Inc. reduced its stake in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 15.9% during the first quarter, Holdings Channel reports. The firm owned 31,840 shares of the exchange traded fund’s stock after selling 6,018 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR S&P Homebuilders ETF were worth $3,143,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its stake in shares of 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 valued at $643,000 after purchasing an additional 1,283 shares in the last quarter. Focus Partners Wealth raised its stake 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 worth $844,000 after buying an additional 5,713 shares in the last quarter. Raymond James Financial Inc. raised its stake in SPDR S&P Homebuilders ETF by 116.3% in 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 in the last quarter. BTG Pactual Asset Management US LLC purchased a new stake in SPDR S&P Homebuilders ETF in the second quarter worth about $106,000. Finally, Group One Trading LLC lifted its holdings in SPDR S&P Homebuilders ETF by 239.4% in 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 Stock Performance

SPDR S&P Homebuilders ETF stock opened at $109.64 on Wednesday. The stock’s 50 day simple moving average is $107.54 and its two-hundred day simple moving average is $107.59. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 11.47 and a beta of 1.24. SPDR S&P Homebuilders ETF has a fifty-two week low of $93.57 and a fifty-two week 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.