SPDR® S&P Homebuilders ETF company info

What does SPDR® S&P Homebuilders ETF do?
SPDR® S&P Homebuilders ETF (NYSE:XHB) is designed to replicate the performance of the homebuilding sector of the U.S. equity market. This exchange-traded fund includes a wide range of companies involved in the home construction industry, from large-scale builders to suppliers of home construction materials, as well as providers of home furnishing products. XHB aims to offer investors exposure to the homebuilding sector, reflecting both the ups and downs of the housing market. Its objective is to closely track the S&P Homebuilders Select Industry Index, ensuring that investors have a transparent and effective way to invest in the home construction and home furnishing sector. Through its diversified portfolio, SPDR® S&P Homebuilders ETF seeks to provide investment returns before fees and expenses that correspond generally to the total return performance of the S&P Homebuilders Select Industry Index.
SPDR® S&P Homebuilders ETF company media
Company Snapshot

Is SPDR® S&P Homebuilders ETF a public or private company?

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Ownership
Public

How many people does SPDR® S&P Homebuilders ETF employ?

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Employees
2,301

What sector is SPDR® S&P Homebuilders ETF in?

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Sector
ETF

Where is the head office for SPDR® S&P Homebuilders ETF?

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Head Office
Boston, United States

What year was SPDR® S&P Homebuilders ETF founded?

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Year Founded
2006
What does SPDR® S&P Homebuilders ETF specialise in?
/Exchange Traded Fund /Real Estate Investment /Equity Securities /Financial Services /Sector Investing /Market Index Tracking

What are the products and/or services of SPDR® S&P Homebuilders ETF?

Overview of SPDR® S&P Homebuilders ETF offerings
Exposure to the U.S. Homebuilding Industry: XHB primarily invests in a basket of U.S. companies involved in various aspects of the homebuilding industry. This allows investors to gain exposure to the performance of this sector without needing to research and select individual homebuilder stocks.
Modified Equal-Weighting: Unlike traditional market capitalization-weighted ETFs, XHB uses a modified equal-weighting methodology. This means that each company within the ETF holds a similar weight in the fund, regardless of its individual market size. This approach aims to provide broader exposure to the homebuilding sector beyond just the largest companies.
Diversification: By holding a variety of companies across different sub-sectors within homebuilding, XHB helps spread out risk compared to investing in individual companies. Sub-sectors may include homebuilders, building materials suppliers, and home improvement retailers.
Passive Management: XHB tracks the S&P Homebuilders Select Industry Index. This means it doesn't attempt to actively select or outperform individual companies, typically resulting in lower fees compared to actively managed funds.
Exchange-Traded: Shares of XHB are traded on a stock exchange like any other stock, allowing for easy buying and selling throughout the trading day. This provides flexibility for investors managing their portfolios.
Transparency: The holdings of the ETF are publicly disclosed, allowing investors to understand the specific companies they are indirectly invested in through XHB.