Bogart Wealth LLC has expanded its ownership in the SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 9.7% during the second quarter of 2023, as reported in its latest 13F filing with the Securities and Exchange Commission. The institutional investor now holds a total of 28,447 shares of the ETF, having acquired an additional 2,516 shares within this period. As of the most recent filing, Bogart Wealth LLC possesses approximately 0.20% of the SPDR S&P Homebuilders ETF, valued at about $2,804,000.
Several other investment firms have also adjusted their positions in the SPDR S&P Homebuilders ETF. Fifth Third Bancorp entered the market with a new investment during the first quarter, valued at $39,000. Meanwhile, Wealth Enhancement Advisory Services LLC increased its holdings by 17.8%, owning 9,518 shares worth around $922,000 after adding 1,440 shares during the same period.
Additionally, Janney Montgomery Scott LLC raised its stake in the ETF by 3.6%, now holding 8,244 shares with a total value of $799,000. Oppenheimer & Co. Inc. also made a significant move by acquiring a new position in the ETF, valued at $974,000. Notably, St. Johns Investment Management Company LLC dramatically increased its stake by 746.0%, resulting in ownership of 5,279 shares worth approximately $512,000 after purchasing an additional 4,655 shares.
SPDR S&P Homebuilders ETF Performance Overview
As of Monday, the SPDR S&P Homebuilders ETF opened at $107.76. It currently holds a market capitalization of $1.88 billion, with a price-to-earnings (P/E) ratio of 11.47 and a beta of 1.32. Over the past year, the ETF has experienced fluctuations, with a fifty-two week low of $84.48 and a high of $126.09. Its fifty-day moving average stands at $112.33, while the 200-day moving average is at $102.85.
About SPDR S&P Homebuilders ETF
The SPDR S&P Homebuilders ETF aims to closely replicate the returns and characteristics of the S&P Homebuilders Select Industry Index. This index encompasses the homebuilding sector within the broader S&P Total Markets Index, which tracks all U.S. common stocks listed on major exchanges, including the New York Stock Exchange and NASDAQ.
With these investments indicating a growing interest in the homebuilding sector, market analysts suggest that trends in the housing market could influence future performance of the ETF. Investors seeking to understand hedge fund activities in this space can access the latest 13F filings and insider trades for the SPDR S&P Homebuilders ETF on dedicated financial platforms.
