Viewpoint Capital Management LLC Increases Stock Position in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Viewpoint Capital Management LLC raised its position in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 6.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,929 shares of the exchange traded fund’s stock after purchasing an additional 3,557 shares during the quarter. SPDR S&P Homebuilders ETF accounts for about 3.1% of Viewpoint Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Viewpoint Capital Management LLC owned 0.33% of SPDR S&P Homebuilders ETF worth $5,949,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Howe & Rusling Inc. bought a new stake in shares of SPDR S&P Homebuilders ETF during the third quarter valued at approximately $28,000. Financial Life Planners purchased a new position in shares of SPDR S&P Homebuilders ETF in the fourth quarter worth $45,000. New Wave Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Homebuilders ETF during the fourth quarter valued at $52,000. St. Johns Investment Management Company LLC purchased a new position in SPDR S&P Homebuilders ETF in the 4th quarter worth about $65,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of SPDR S&P Homebuilders ETF during the 3rd quarter valued at about $98,000.

SPDR S&P Homebuilders ETF Trading Up 0.3 %

NYSEARCA:XHB opened at $106.45 on Wednesday. The company has a market cap of $1.86 billion, a PE 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. The company has a 50 day simple moving average of $109.02 and a two-hundred day simple moving average of $114.61.

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.