Ameriprise Financial Inc. Sells 9,118 Shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Ameriprise Financial Inc. reduced its stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 1.8% in the 4th quarter, HoldingsChannel reports. The firm owned 496,042 shares of the exchange traded fund’s stock after selling 9,118 shares during the quarter. Ameriprise Financial Inc.’s holdings in SPDR S&P Homebuilders ETF were worth $51,814,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in XHB. Concourse Financial Group Securities Inc. increased its position in SPDR S&P Homebuilders ETF by 50.0% in the 4th quarter. Concourse Financial Group Securities Inc. now owns 300 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 100 shares in the last quarter. Financial Life Planners bought a new stake in shares of SPDR S&P Homebuilders ETF during the fourth quarter valued at approximately $45,000. Larson Financial Group LLC raised its position in shares of SPDR S&P Homebuilders ETF by 1,873.9% during the fourth quarter. Larson Financial Group LLC now owns 454 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 431 shares during the period. New Wave Wealth Advisors LLC bought a new position in shares of SPDR S&P Homebuilders ETF in the 4th quarter worth $52,000. Finally, St. Johns Investment Management Company LLC acquired a new stake in SPDR S&P Homebuilders ETF in the 4th quarter valued at $65,000.

SPDR S&P Homebuilders ETF Trading Down 0.4 %

Shares of XHB stock opened at $96.39 on Friday. SPDR S&P Homebuilders ETF has a 12 month low of $84.48 and a 12 month high of $126.09. The firm has a market capitalization of $1.52 billion, a PE ratio of 11.50 and a beta of 1.38. The firm has a fifty day simple moving average of $95.19 and a two-hundred day simple moving average of $105.46.

SPDR S&P Homebuilders ETF Company 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.