SPDR S&P Biotech ETF (NYSEARCA:XBI) Shares Sold by Davis R M Inc.

Davis R M Inc. lessened its position in SPDR S&P Biotech ETF (NYSEARCA:XBI) by 7.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 26,498 shares of the exchange traded fund’s stock after selling 2,083 shares during the period. Davis R M Inc.’s holdings in SPDR S&P Biotech ETF were worth $2,618,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in XBI. Tidemark LLC grew its holdings in SPDR S&P Biotech ETF by 101.5% during the third quarter. Tidemark LLC now owns 395 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 199 shares during the period. ORG Partners LLC acquired a new position in shares of SPDR S&P Biotech ETF during the 2nd quarter worth $40,000. Quintet Private Bank Europe S.A. purchased a new position in shares of SPDR S&P Biotech ETF in the 3rd quarter valued at about $40,000. ORG Wealth Partners LLC acquired a new stake in shares of SPDR S&P Biotech ETF in the third quarter valued at about $44,000. Finally, Howe & Rusling Inc. purchased a new stake in SPDR S&P Biotech ETF during the third quarter worth about $49,000.

SPDR S&P Biotech ETF Trading Up 1.4 %

Shares of SPDR S&P Biotech ETF stock opened at $97.63 on Tuesday. The company has a 50-day moving average of $98.37 and a two-hundred day moving average of $96.38. SPDR S&P Biotech ETF has a 12-month low of $71.99 and a 12-month high of $105.47. The stock has a market cap of $7.44 billion, a PE 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.