Concentric Capital Strategies LP Invests $10.31 Million in SPDR S&P Homebuilders ETF $XHB

Concentric Capital Strategies LP purchased a new position in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 100,117 shares of the exchange traded fund’s stock, valued at approximately $10,308,000.

Other hedge funds have also made changes to their positions in the company. Founders Financial Alliance LLC acquired a new stake in shares of SPDR S&P Homebuilders ETF during the third quarter worth about $27,000. Elevated Capital Advisors LLC acquired a new stake in shares of SPDR S&P Homebuilders ETF during the fourth quarter worth about $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of SPDR S&P Homebuilders ETF during the fourth quarter worth about $32,000. Copia Wealth Management lifted its position in shares of SPDR S&P Homebuilders ETF by 79.2% during the fourth 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 lifted its position in shares of SPDR S&P Homebuilders ETF by 66.4% during the third 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 Performance

Shares of XHB opened at $107.33 on Thursday. The stock has a market capitalization of $1.57 billion, a PE ratio of 11.47 and a beta of 1.26. SPDR S&P Homebuilders ETF has a 1 year low of $92.86 and a 1 year high of $123.13. The company’s 50-day simple moving average is $103.75 and its 200-day simple moving average is $106.75.

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.