Riggs Asset Managment Co. Inc. Buys 7,551 Shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB)

Riggs Asset Managment Co. Inc. grew its holdings in shares of SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 4,521.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,718 shares of the exchange traded fund’s stock after acquiring an additional 7,551 shares during the quarter. Riggs Asset Managment Co. Inc.’s holdings in SPDR S&P Homebuilders ETF were worth $961,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Mirae Asset Securities USA Inc. purchased a new position in shares of SPDR S&P Homebuilders ETF during the 2nd quarter valued at about $50,540,000. Passaic Partners LLC purchased a new position in shares of SPDR S&P Homebuilders ETF during the 1st quarter valued at about $13,326,000. Cetera Investment Advisers increased its stake in SPDR S&P Homebuilders ETF by 507.8% in the 1st quarter. Cetera Investment Advisers now owns 75,473 shares of the exchange traded fund’s stock worth $8,422,000 after purchasing an additional 63,055 shares during the period. Bricktown Capital LLC purchased a new position in SPDR S&P Homebuilders ETF in the 2nd quarter worth approximately $5,518,000. Finally, Price T Rowe Associates Inc. MD increased its stake in SPDR S&P Homebuilders ETF by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,048,800 shares of the exchange traded fund’s stock worth $117,037,000 after purchasing an additional 53,120 shares during the period.

SPDR S&P Homebuilders ETF Stock Performance

Shares of XHB stock opened at $116.54 on Monday. The firm has a market cap of $2.03 billion, a P/E ratio of 15.57 and a beta of 1.38. SPDR S&P Homebuilders ETF has a fifty-two week low of $69.44 and a fifty-two week high of $126.07. The business’s 50 day moving average price is $119.27 and its 200-day moving average price is $110.51.

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.