SPDR S&P Biotech ETF $XBI Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its holdings in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 7.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,926 shares of the exchange traded fund’s stock after selling 4,850 shares during the period. Oppenheimer & Co. Inc.’s holdings in SPDR S&P Biotech ETF were worth $6,205,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Capital A Wealth Management LLC acquired a new position in SPDR S&P Biotech ETF during the 2nd quarter valued at about $26,000. Davis Capital Management purchased a new stake in shares of SPDR S&P Biotech ETF during the third quarter worth about $35,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of SPDR S&P Biotech ETF during the second quarter valued at about $32,000. Johnson Financial Group Inc. acquired a new position in shares of SPDR S&P Biotech ETF during the second quarter valued at about $31,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of SPDR S&P Biotech ETF in the 3rd quarter valued at approximately $40,000.

SPDR S&P Biotech ETF Stock Down 0.6%

XBI stock opened at $125.34 on Wednesday. The firm has a 50 day moving average of $124.37 and a 200 day moving average of $109.28. The stock has a market capitalization of $8.38 billion, a PE ratio of 11.47 and a beta of 0.93. SPDR S&P Biotech ETF has a 52 week low of $66.66 and a 52 week high of $132.09.

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.