Fulcrum Equity Management Invests $1.63 Million in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Fulcrum Equity Management acquired a new stake in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 20,279 shares of the exchange traded fund’s stock, valued at approximately $1,628,000. SPDR S&P Homebuilders ETF accounts for 1.9% of Fulcrum Equity Management’s portfolio, making the stock its 10th biggest holding. Fulcrum Equity Management owned 0.16% of SPDR S&P Homebuilders ETF as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of XHB. Stelac Advisory Services LLC purchased a new position in SPDR S&P Homebuilders ETF during the 1st quarter valued at $10,580,000. Baird Financial Group Inc. boosted its holdings in SPDR S&P Homebuilders ETF by 104.9% during the 1st quarter. Baird Financial Group Inc. now owns 18,069 shares of the exchange traded fund’s stock valued at $1,142,000 after acquiring an additional 9,252 shares during the period. Brown Brothers Harriman & Co. purchased a new position in SPDR S&P Homebuilders ETF during the 1st quarter valued at $25,000. Ergoteles LLC purchased a new position in SPDR S&P Homebuilders ETF during the 1st quarter valued at $2,675,000. Finally, Hsbc Holdings PLC boosted its holdings in SPDR S&P Homebuilders ETF by 4.0% during the 1st quarter. Hsbc Holdings PLC now owns 8,904 shares of the exchange traded fund’s stock valued at $564,000 after acquiring an additional 339 shares during the period.

SPDR S&P Homebuilders ETF Stock Down 1.5 %

XHB opened at $79.45 on Friday. The business has a fifty day moving average of $82.35 and a 200 day moving average of $74.62. SPDR S&P Homebuilders ETF has a 52-week low of $52.99 and a 52-week high of $85.13. The stock has a market cap of $1.37 billion, a P/E ratio of 7.34 and a beta of 1.32.

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.