Parallel Advisors LLC Has $3.80 Million Stock Holdings in SPDR S&P Biotech ETF (NYSEARCA:XBI)

Parallel Advisors LLC cut its holdings in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,030 shares of the exchange traded fund’s stock after selling 166 shares during the period. Parallel Advisors LLC owned about 0.05% of SPDR S&P Biotech ETF worth $3,804,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new position in SPDR S&P Biotech ETF in the fourth quarter valued at about $27,000. Scarborough Advisors LLC bought a new position in SPDR S&P Biotech ETF in the 4th quarter valued at approximately $32,000. BOCHK Asset Management Ltd bought a new stake in shares of SPDR S&P Biotech ETF during the fourth quarter worth $36,000. ORG Partners LLC acquired a new position in shares of SPDR S&P Biotech ETF during the second quarter worth $40,000. Finally, Vima LLC bought a new position in shares of SPDR S&P Biotech ETF in the 4th quarter valued at $45,000.

SPDR S&P Biotech ETF Stock Up 2.2 %

Shares of XBI stock opened at $101.21 on Friday. SPDR S&P Biotech ETF has a twelve month low of $63.80 and a twelve month high of $103.52. The stock’s fifty day simple moving average is $98.48 and its 200 day simple moving average is $93.91. The firm has a market capitalization of $7.71 billion, a P/E ratio of 11.47 and a beta of 1.11.

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.