Assetmark Inc. Trims Stock Position in SPDR S&P Biotech ETF $XBI

Assetmark Inc. decreased its holdings in SPDR S&P Biotech ETF (NYSEARCA:XBI) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 623,015 shares of the exchange traded fund’s stock after selling 12,828 shares during the quarter. Assetmark Inc. owned approximately 0.98% of SPDR S&P Biotech ETF worth $79,578,000 at the end of the most recent quarter.

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

SPDR S&P Biotech ETF Price Performance

SPDR S&P Biotech ETF stock opened at $152.00 on Friday. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 11.47 and a beta of 0.82. SPDR S&P Biotech ETF has a 12 month low of $84.39 and a 12 month high of $165.71. The stock’s 50-day moving average is $142.06 and its 200-day moving average is $132.23.

SPDR S&P Biotech ETF 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. The Biotech Index is a modified equal weight index.