EWG Elevate Inc. Buys New Shares in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

EWG Elevate Inc. bought a new stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) during the 2nd quarter, HoldingsChannel reports. The firm bought 66,062 shares of the exchange traded fund’s stock, valued at approximately $5,305,000. SPDR S&P Homebuilders ETF makes up 2.2% of EWG Elevate Inc.’s investment portfolio, making the stock its 19th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Stelac Advisory Services LLC acquired a new position in shares of SPDR S&P Homebuilders ETF during the first quarter valued at about $10,580,000. Baird Financial Group Inc. increased its position in shares of SPDR S&P Homebuilders ETF by 104.9% during the first quarter. Baird Financial Group Inc. now owns 18,069 shares of the exchange traded fund’s stock worth $1,142,000 after acquiring an additional 9,252 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of SPDR S&P Homebuilders ETF during the first quarter worth about $25,000. Ergoteles LLC bought a new stake in shares of SPDR S&P Homebuilders ETF during the first quarter worth about $2,675,000. Finally, Hsbc Holdings PLC increased its position in shares of SPDR S&P Homebuilders ETF by 4.0% during the first quarter. Hsbc Holdings PLC now owns 8,904 shares of the exchange traded fund’s stock worth $564,000 after acquiring an additional 339 shares in the last quarter.

SPDR S&P Homebuilders ETF Price Performance

NYSEARCA:XHB opened at $78.57 on Tuesday. The firm has a 50-day moving average of $82.34 and a 200-day moving average of $74.89. The company has a market cap of $1.36 billion, a PE ratio of 7.34 and a beta of 1.32. SPDR S&P Homebuilders ETF has a one year low of $52.99 and a one year high of $85.13.

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.