SPDR S&P Biotech ETF $XBI Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its holdings in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 26.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 32,456 shares of the exchange traded fund’s stock after selling 11,904 shares during the period. Private Advisor Group LLC’s holdings in SPDR S&P Biotech ETF were worth $4,146,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Financial Life Planners acquired a new stake in SPDR S&P Biotech ETF in the 1st quarter worth approximately $27,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in SPDR S&P Biotech ETF during the 4th quarter valued at approximately $27,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of SPDR S&P Biotech ETF in the fourth quarter worth $30,000. SHP Wealth Management purchased a new position in shares of SPDR S&P Biotech ETF in the fourth quarter worth $31,000. Finally, Legacy Wealth Managment LLC ID purchased a new position in shares of SPDR S&P Biotech ETF in the fourth quarter worth $32,000.

SPDR S&P Biotech ETF Price Performance

Shares of XBI opened at $162.97 on Thursday. The company’s fifty day moving average price is $139.15 and its 200-day moving average price is $130.89. SPDR S&P Biotech ETF has a 1-year low of $84.39 and a 1-year high of $164.35. The firm has a market capitalization of $11.10 billion, a PE ratio of 11.47 and a beta of 0.82.

About SPDR S&P Biotech ETF

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. The Biotech Index is a modified equal weight index.