Foundations Investment Advisors LLC Makes New Investment in SPDR S&P Homebuilders ETF $XHB

Foundations Investment Advisors LLC acquired a new position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 16,797 shares of the exchange traded fund’s stock, valued at approximately $1,729,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Founders Financial Alliance LLC acquired a new stake in SPDR S&P Homebuilders ETF in the 3rd quarter worth about $27,000. Elevated Capital Advisors LLC acquired a new stake in SPDR S&P Homebuilders ETF in the 4th quarter worth about $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in SPDR S&P Homebuilders ETF in the 4th quarter worth about $32,000. Copia Wealth Management raised its stake in SPDR S&P Homebuilders ETF by 79.2% in the 4th quarter. Copia Wealth Management now owns 430 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 190 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in SPDR S&P Homebuilders ETF by 66.4% in the 3rd quarter. Quantbot Technologies LP now owns 426 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 170 shares in the last quarter.

SPDR S&P Homebuilders ETF Stock Down 0.1%

Shares of SPDR S&P Homebuilders ETF stock opened at $102.63 on Friday. The company has a 50-day simple moving average of $101.83 and a two-hundred day simple moving average of $106.60. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 11.47 and a beta of 1.30. SPDR S&P Homebuilders ETF has a twelve month low of $91.71 and a twelve month high of $123.13.

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.