Passaic Partners LLC Buys 78,852 Shares of SPDR S&P Homebuilders ETF $XHB

Passaic Partners LLC raised its stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 89.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 166,897 shares of the exchange traded fund’s stock after buying an additional 78,852 shares during the quarter. SPDR S&P Homebuilders ETF makes up approximately 1.4% of Passaic Partners LLC’s portfolio, making the stock its 8th biggest holding. Passaic Partners LLC’s holdings in SPDR S&P Homebuilders ETF were worth $19,287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Zweig DiMenna Associates LLC raised its holdings in SPDR S&P Homebuilders ETF by 104.3% during the fourth quarter. Zweig DiMenna Associates LLC now owns 18,800 shares of the exchange traded fund’s stock worth $1,936,000 after purchasing an additional 9,600 shares during the last quarter. Gerald Baker Financial Group LLC purchased a new position in shares of SPDR S&P Homebuilders ETF in the first quarter valued at $1,789,000. Foundations Investment Advisors LLC purchased a new position in shares of SPDR S&P Homebuilders ETF in the fourth quarter valued at $1,729,000. Hilltop Holdings Inc. acquired a new position in shares of SPDR S&P Homebuilders ETF during the 1st quarter worth $1,744,000. Finally, Larry Mathis Financial Planning LLC purchased a new stake in shares of SPDR S&P Homebuilders ETF in the 4th quarter worth about $1,041,000.

SPDR S&P Homebuilders ETF Trading Up 1.0%

NYSEARCA:XHB opened at $103.25 on Friday. The company has a market capitalization of $1.45 billion, a P/E ratio of 11.47 and a beta of 1.25. The firm has a 50-day moving average price of $107.70 and a two-hundred day moving average price of $106.14. SPDR S&P Homebuilders ETF has a twelve month low of $93.57 and a twelve month 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.