Seamount Financial Group Inc. Has $672,000 Position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Seamount Financial Group Inc. raised its holdings in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 138.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,430 shares of the exchange traded fund’s stock after acquiring an additional 3,728 shares during the period. Seamount Financial Group Inc.’s holdings in SPDR S&P Homebuilders ETF were worth $672,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC grew its stake in shares of SPDR S&P Homebuilders ETF by 2,386.5% in the third quarter. Kingsview Wealth Management LLC now owns 63,554 shares of the exchange traded fund’s stock worth $7,916,000 after acquiring an additional 60,998 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of SPDR S&P Homebuilders ETF by 143.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 82,907 shares of the exchange traded fund’s stock worth $10,327,000 after purchasing an additional 48,910 shares during the period. Peterson Wealth Management bought a new position in shares of SPDR S&P Homebuilders ETF during the 3rd quarter worth about $3,189,000. MML Investors Services LLC raised its position in shares of SPDR S&P Homebuilders ETF by 186.6% during the third quarter. MML Investors Services LLC now owns 31,569 shares of the exchange traded fund’s stock valued at $3,932,000 after buying an additional 20,553 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of SPDR S&P Homebuilders ETF by 56.7% in the third quarter. Stifel Financial Corp now owns 55,032 shares of the exchange traded fund’s stock valued at $6,855,000 after buying an additional 19,905 shares during the period.

SPDR S&P Homebuilders ETF Stock Down 2.5 %

Shares of XHB opened at $104.89 on Friday. The stock’s 50-day moving average price is $110.02 and its 200 day moving average price is $114.77. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 15.57 and a beta of 1.38. SPDR S&P Homebuilders ETF has a 12-month low of $96.13 and a 12-month high of $126.09.

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.