Financial Partners Capital Management LLC Reduces Position in SPDR S&P Homebuilders (XHB)

Financial Partners Capital Management LLC lowered its holdings in SPDR S&P Homebuilders (NYSE:XHB) by 29.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,112 shares of the exchange traded fund’s stock after selling 12,665 shares during the period. Financial Partners Capital Management LLC’s holdings in SPDR S&P Homebuilders were worth $1,160,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in XHB. Quantitative Investment Management LLC grew its holdings in shares of SPDR S&P Homebuilders by 293.1% in the second quarter. Quantitative Investment Management LLC now owns 395,500 shares of the exchange traded fund’s stock valued at $15,238,000 after purchasing an additional 294,900 shares in the last quarter. Harbour Capital Advisors LLC grew its holdings in shares of SPDR S&P Homebuilders by 3,280.7% in the second quarter. Harbour Capital Advisors LLC now owns 262,004 shares of the exchange traded fund’s stock valued at $6,800,000 after purchasing an additional 254,254 shares in the last quarter. Brookstone Capital Management acquired a new position in shares of SPDR S&P Homebuilders in the second quarter valued at approximately $6,815,000. BNP Paribas Arbitrage SA grew its holdings in shares of SPDR S&P Homebuilders by 30.2% in the second quarter. BNP Paribas Arbitrage SA now owns 619,937 shares of the exchange traded fund’s stock valued at $23,886,000 after purchasing an additional 143,694 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of SPDR S&P Homebuilders by 157.3% in the second quarter. Tower Research Capital LLC TRC now owns 231,793 shares of the exchange traded fund’s stock valued at $8,931,000 after purchasing an additional 141,721 shares in the last quarter.

Shares of SPDR S&P Homebuilders (NYSE:XHB) traded down 0.30% on Tuesday, hitting $40.31. 595,796 shares of the company were exchanged. The company has a 50-day moving average price of $38.76 and a 200 day moving average price of $38.19. SPDR S&P Homebuilders has a 52-week low of $30.92 and a 52-week high of $40.67.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Monday, September 18th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Friday, September 15th.

WARNING: This article was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://www.com-unik.info/2017/10/10/financial-partners-capital-management-llc-reduces-position-in-spdr-sp-homebuilders-xhb.html.

About SPDR S&P Homebuilders

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.

Institutional Ownership by Quarter for SPDR S&P Homebuilders (NYSE:XHB)

What are top analysts saying about SPDR S&P Homebuilders? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for SPDR S&P Homebuilders and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit