Axxcess Wealth Management LLC Has $294,000 Stock Holdings in SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Axxcess Wealth Management LLC decreased its stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 12.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,635 shares of the exchange traded fund’s stock after selling 358 shares during the quarter. Axxcess Wealth Management LLC’s holdings in SPDR S&P Homebuilders ETF were worth $294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CenterStar Asset Management LLC bought a new position in SPDR S&P Homebuilders ETF in the 4th quarter valued at approximately $1,064,000. Lyell Wealth Management LP lifted its stake in SPDR S&P Homebuilders ETF by 33.9% in the 4th quarter. Lyell Wealth Management LP now owns 6,245 shares of the exchange traded fund’s stock valued at $597,000 after purchasing an additional 1,580 shares during the last quarter. Principal Securities Inc. bought a new position in shares of SPDR S&P Homebuilders ETF during the fourth quarter valued at $276,000. International Assets Investment Management LLC bought a new position in shares of SPDR S&P Homebuilders ETF during the fourth quarter valued at $5,995,000. Finally, Deuterium Capital Management LLC bought a new position in shares of SPDR S&P Homebuilders ETF during the fourth quarter valued at $454,000.

SPDR S&P Homebuilders ETF Stock Performance

XHB stock opened at $116.89 on Friday. The company has a fifty day moving average price of $104.94 and a 200-day moving average price of $103.23. The company has a market capitalization of $2.04 billion, a P/E ratio of 15.57 and a beta of 1.38. SPDR S&P Homebuilders ETF has a 52-week low of $69.32 and a 52-week high of $118.25.

SPDR S&P Homebuilders ETF 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.