SPDR S&P Biotech Plans Quarterly Dividend of $0.04 (XBI)
SPDR S&P Biotech (NYSEARCA:XBI) declared a quarterly dividend on Friday, September 15th, Wall Street Journal reports. Shareholders of record on Monday, September 18th will be paid a dividend of 0.037 per share by the exchange traded fund on Monday, September 25th. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Friday, September 15th.
Shares of SPDR S&P Biotech (NYSEARCA XBI) traded up 0.61% during trading on Friday, reaching $83.66. The company’s stock had a trading volume of 2,599,615 shares. SPDR S&P Biotech has a 12-month low of $53.15 and a 12-month high of $84.90. The company has a 50 day moving average of $79.32 and a 200 day moving average of $73.90.
An institutional investor recently raised its position in SPDR S&P Biotech stock. Northern Trust Corp lifted its position in SPDR S&P Biotech (NYSEARCA:XBI) by 68.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,061 shares of the exchange traded fund’s stock after purchasing an additional 2,050 shares during the quarter. Northern Trust Corp’s holdings in SPDR S&P Biotech were worth $391,000 at the end of the most recent reporting period.
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SPDR S&P Biotech Company Profile
SPDR S&P Biotech ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Biotechnology Select Industry Index. The S&P Biotechnology Select Industry Index represents the biotechnology 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.
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