SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Sees Strong Trading Volume – Still a Buy?

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) shares saw strong trading volume on Wednesday . 1,433,608 shares traded hands during trading, a decline of 32% from the previous session’s volume of 2,110,722 shares.The stock last traded at $110.08 and had previously closed at $106.94.

SPDR S&P Homebuilders ETF Stock Performance

The firm has a 50 day moving average price of $112.73 and a two-hundred day moving average price of $114.22. The company has a market capitalization of $1.92 billion, a P/E ratio of 15.57 and a beta of 1.38.

Institutional Trading of SPDR S&P Homebuilders ETF

Several institutional investors have recently bought and sold shares of XHB. Leuthold Group LLC lifted its holdings in SPDR S&P Homebuilders ETF by 0.9% during the 2nd quarter. Leuthold Group LLC now owns 13,023 shares of the exchange traded fund’s stock valued at $1,316,000 after purchasing an additional 115 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of SPDR S&P Homebuilders ETF by 45.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 5,819 shares of the exchange traded fund’s stock worth $588,000 after acquiring an additional 1,830 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of SPDR S&P Homebuilders ETF by 1.8% in the 2nd quarter. Bank of Montreal Can now owns 247,332 shares of the exchange traded fund’s stock worth $25,013,000 after acquiring an additional 4,447 shares in the last quarter. Dark Forest Capital Management LP grew its position in SPDR S&P Homebuilders ETF by 147.6% during the 2nd quarter. Dark Forest Capital Management LP now owns 21,144 shares of the exchange traded fund’s stock worth $2,137,000 after acquiring an additional 12,604 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in SPDR S&P Homebuilders ETF by 62.0% during the 2nd quarter. Mackenzie Financial Corp now owns 12,880 shares of the exchange traded fund’s stock valued at $1,302,000 after purchasing an additional 4,930 shares in the last quarter.

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.