King Luther Capital Management Corp Sells 130 Shares of SPDR S&P Biotech ETF (NYSEARCA:XBI)

King Luther Capital Management Corp lowered its stake in SPDR S&P Biotech ETF (NYSEARCA:XBI) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,504 shares of the exchange traded fund’s stock after selling 130 shares during the period. King Luther Capital Management Corp’s holdings in SPDR S&P Biotech ETF were worth $445,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tidemark LLC raised its holdings in SPDR S&P Biotech ETF by 101.5% during the 3rd quarter. Tidemark LLC now owns 395 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 199 shares during the last quarter. ORG Partners LLC bought a new position in shares of SPDR S&P Biotech ETF during the second quarter valued at about $40,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of SPDR S&P Biotech ETF during the third quarter worth about $40,000. ORG Wealth Partners LLC bought a new stake in shares of SPDR S&P Biotech ETF in the third quarter worth about $44,000. Finally, Howe & Rusling Inc. bought a new stake in shares of SPDR S&P Biotech ETF in the third quarter worth about $49,000.

SPDR S&P Biotech ETF Price Performance

XBI opened at $96.24 on Friday. SPDR S&P Biotech ETF has a one year low of $71.99 and a one year high of $105.47. The business has a 50 day simple moving average of $98.44 and a two-hundred day simple moving average of $96.27. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 11.47 and a beta of 1.11.

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.