Investors Purchase High Volume of SPDR S&P Homebuilders ETF Call Options (NYSEARCA:XHB)

SPDR S&P Homebuilders ETF (NYSEARCA:XHB – Get Rating) was the target of unusually large options trading on Tuesday. Stock investors purchased 12,051 call options on the company. This represents an increase of approximately 21% compared to the average daily volume of 9,975 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new stake in SPDR S&P Homebuilders ETF during the first quarter worth $25,000. CWM LLC acquired a new stake in shares of SPDR S&P Homebuilders ETF during the 1st quarter worth approximately $29,000. Patriot Investment Management Group Inc. acquired a new stake in SPDR S&P Homebuilders ETF in the 4th quarter valued at approximately $30,000. Retirement Group LLC boosted its position in SPDR S&P Homebuilders ETF by 35.5% in the 4th quarter. Retirement Group LLC now owns 573 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 150 shares during the period. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in SPDR S&P Homebuilders ETF in the 4th quarter valued at approximately $36,000.

SPDR S&P Homebuilders ETF Stock Down 1.6 %

Shares of SPDR S&P Homebuilders ETF stock opened at $69.80 on Wednesday. The firm has a market cap of $949.28 million, a price-to-earnings ratio of 7.34 and a beta of 1.32. SPDR S&P Homebuilders ETF has a twelve month low of $51.23 and a twelve month high of $73.08. The business has a 50-day moving average price of $68.24 and a 200-day moving average price of $65.77.

About SPDR S&P Homebuilders ETF

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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.